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

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To: Zeitgeist who wrote (19)3/11/1997 3:41:00 AM
From: (no name provided)   of 122
 
Stefan,

Shorted more today at 36. Probably a mistake. I have done some investigating and found out nothing. No one knows who is buying.

What is even more strange is that the AlexBrown analyst actually CUT his earnings forecast for '97 from 0.50 to 0.47.

I suspect that there is a very small float here and the institutional holders and VCs see no reason to pull the plug. On the other hand, these prices cannot be sustained.

I guess the booming German market is the only explanation.

In the meantime, I'm hanging in there.

Good luck.

Kafka666
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