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Biotech / Medical : Oncothyreon

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To: Neal davidson who wrote (793)5/17/1999 4:23:00 PM
From: StockMiser  Read Replies (2) of 2344
 
At the time that I wrote that, the stock price was being supported by several MM's, keeping it in a tight range. Once they left...the price dropped (just as I had mentioned it would). It wasn't speculation...just direct observation. I personally watched USCT pick up around 80K shares, all above $5.

I was neither a buyer nor seller today (as was the case of many longs).

I'm still awaiting further exposure for BIOM. The results of Theratope study used for stem cell replacement patients were nothing short of spectacular - it doubled life expectancy. I seriously expect this particular study to gain further exposure over the next week or so.

Let me also remind you that the CEO was, in fact, interviewed by the NY Times - that is NOT a rumor. That the article will appear in conjunction with the ASCO was the rumor.

In any case, I am in for the long haul. BIOM's time will come...and I don't think we'll have to wait much longer. The word is slowly getting out there...

SM
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