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Biotech / Medical : Guilford (GLFD) - Steadily Rising

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To: CPAMarty who wrote (299)5/26/1999 12:25:00 AM
From: Steve  Read Replies (2) of 496
 
Two internet mutual fund companies are now starting biotech funds. The Internet Fund and the Monument Fund are now going into the biotech biz. Interesting. I don't think this will lead to internet type moonshots, but at least it will bring some buyers back to the table.

Today, another big seller of GLFD unloaded, don't know who but there aren't that many holders of 1 million plus shares. With SCIOS and now today's mystery seller out of the way, lets hope we can get some gains going. I added to my position today. I do believe that this stock will be materially higher by Dec. 31, 1999 than it is today. I don't know what price, but it should be higher. A bunch of news has got to be ahead of us given that there hasn't been much to this point.

Finally, I spoke with IR. The anti-takeover proposals that shareholders recently voted on were defeated. I think everybody would like to see this company acquired. Too much pain for too long.
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