DAK: I'll try to work up a few of the
numbers on CTIC this weekend. After today's
disaster it trades at a significant discount
to book value I think. In fact, I just stuck
my toe in the water for 1000 shares. That
isn't much for me, I have more MAGN than
CTIC for instance, but don't want to sell
much of my other stuff etc etc. MAGN had a
disaster awhile back similar to what happened
with ctic today--their topical antibiotic was
voted down in a weak vote. FDA will be responding
to that by the end of July--the thread here is
dead, but magn yahoo thread has a few good posts.
Anyway, ctic could be okay play for dead cat
bounce, and certainly not too expensive at these
prices, they have several other interesting
things on their plate besides Lysofylline, I
owned it for awhile, then asked about lyso on
a few of the biotech threads, got no response
at all, so I sold--that was lucky. Nice to get
back in in a small way now tho--since I already
have a folder for them.
Well, that is all for now. Oh, I ran a little
test on NTII the other day, when it was 1 5/16
by 1 1/2 I put a limit order to sell 4k at
1 7/16, incredibly, 2500 shrares immediately
flashed up on my level II, so that was interesting,
the order never filled (I was thinking I'd swap
a third of my NTI for 1000 sibi) but it was
fun to watch the level II. Also interesing was
the fact that my order at the end of the day
switched to "pending" but then it finally
expired around 6pm eastern time. Odd. A little
annoyed that NTI was weak today, sombody was
willing to sell a little at 1 1/4 apparently.
So I guess it is just me and Arthur in that one,
heheh.
Have a nice weekend, see ya by Tuesday with some
preliminary ctic numbers.
--Mike
To grab the ctic I had to sell a quarter of
my ctii I grabbed just below a buck a couple
weeks ago--there is definatly buying going
on at a buck, the order was filled instantly. |
