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Biotech / Medical : DUSA (DUSA) Pharmaceutical
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To: ouija who wrote (49)1/11/1999 11:30:00 AM
From: Ron Harvey  Read Replies (1) of 101
 
I have found that with companies presenting at conferences most of the stock-price move occurs before the conference with some of the move on the first day. After that there seems to be selling, probably from traders buying for a conference-specific pop. These conferences rarely produce info. that's not already available, so while analysts and investors aren't surprised by anything, they do get a chance to gather some management vibes. Should Dusa present conference info. that excites enough folks into buying, my guess is that the price won't bump up until a week or two after the conference concludes.
I'm saying this about any company going into a conference, and, of course, I know there are exceptions. But while I'd be happy for Dusa to be one of those, I don't expect it.
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