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Biotech / Medical : QIAGEN (QGENF) - Star of Germany's Biotechs

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To: S. Chandra Shekar who wrote (44)3/15/1998 8:35:00 AM
From: Elsewhere  Read Replies (2) of 122
 
> Anyone knows the reason for the 8 point spike in stock price Friday on huge volume?

QGENF is one of the about 15 companies listed at the "Neuer Markt", the German NASDAQ equivalent. Pushed by some some stock letters the "Neuer Markt" is currently hit by a wave of speculation. For an intraday chart of QGENF on March 13 have a look at
xearch.de
For a general overview of the "Neuer Markt" browse
neuer-markt.de
Though the price rise is based on speculation and not fundamentals I would abstain from shorting QGENF.

Jochen
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