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Biotech / Medical : CYTYC
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To: richard luis who wrote (18)11/21/1996 12:02:00 PM
From: Chris Spychalski   of 79
 
I'm expecting at least $33+ since CYTC peaked there last May, before the agreements with DIGE and UNH were announced. Look again at the prospectus, 450,000 shares were oversubscribed, meaning that on 3/8/96 3.45M shares were freely tradable with over 13M outstanding. Lockup expired in 9/96 and freely tradable became 3.45M+6.2M=9.8M With news like we've been getting lately, only the idiots or the one's who need the money NOW are selling out. I'm trying to do a more rigorous valuation-does anyone have any experience doing this (like a security analyst) or do we all just look at previous yearly highs or someone else's guesses?
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