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Biotech / Medical : ONXX
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To: timothy m ritty who wrote (206)5/20/1998 11:21:00 AM
From: Uncle Frank  Read Replies (1) of 810
 
Very strange activity... great news from ASCO followed by the stock tumbling to 9, off 33% from yesterday's high of 13 1/2. The Onyx thread on Yahoo is buzzing about a merger offer to be announced Friday, but that is probably pure hype. All I can figure is that one of Onyx's partners is quitting their position, but why now?

Any opinions would be appreciated.

Frank
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