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Biotech / Medical : Microcide Pharmaceuticals (MCDE)

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To: Mark Adams who wrote (143)2/2/1998 11:06:00 PM
From: John O'Neill  Read Replies (1) of 186
 
To all..I recently got into MCDE at 10 1/8 and 9 1/4..what did I get myself into? (down 15%) today. I spoke with company executive today who said certain distributions had been made from "some kinds of funds" and that these entities have no interest in holding the stock and simply sell it. I.E hugh volume downside..he expects a rocky week with eventual comeback. He said this will increase the float which may be good. Float used to be about 25% & now will be ~80%.

What do you guys/gals think ..do they have problems, or is this a buying opportunity?

John
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