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Biotech / Medical : Genzyme Tissue Repair - GZTR -- Ignore unavailable to you. Want to Upgrade?


To: KLH who wrote (200)6/28/1999 4:26:00 PM
From: BWAC  Read Replies (1) | Respond to of 405
 
K,

"Might trade down a little." How about roughly 40% from the opening at 8 to the 4 11/16 close at the low.

And of course GENZ itself went up 15/16 on the day. Lets see, 80 some Million GENZ shares outstanding = 80 Million increase in market value.

14 Million GZSP shares spunoff x $4 11/16 = approx. $66 Million.

So it was a good day for the GENZ stockholders. But not for the poor GZTR, GZSP, and GZMO ones.

I'll say it again. This market is stupid. And isn't paying attention. Which makes me even dumber for being a GZTR stockholder and knowing that. But I'm a glutton for punishment so when GZSP finds its $2 level I guess I'll have to add it to my GZMO and GZTR. Where will it ever end?