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Biotech / Medical : dsco Discovery Laboratories
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To: Arthur Radley who wrote (224)4/20/2009 9:54:36 AM
From: kenhott1 Recommendation  Read Replies (2) of 318
 
Even though anything is possible, the FDA is usually pretty tight re: leaks. At some price, DSCO will get funding, but it is probably not around a $1 a share. Closer to 50c a share is my guess. I just sold the couple of shares that I was holding. I have been in and out but the first batch was in the 90c range back in March. I just got out at over $1. The market makes little sense sometimes.

Edit: Given I think they can get funds, I have to guess that mgt will let it ride, go for broke, and not sell out at this point. They would probably need to be pressured to sell out instead of holding for another go at the FDA.
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