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Strategies & Market Trends : BCRX: Target practice for shorts -- Ignore unavailable to you. Want to Upgrade?


To: J.Y. Wang who wrote (83)10/30/1999 3:41:00 PM
From: jlib  Respond to of 96
 
There certainly was not enough volume to indicate buying interest. I think it is a MM walk up in preparation for the upcoming SPO. I don't have L2 though so I don't know that for sure. BCRX did just increase the over-allotment available to the underwriters for the 2,000,000 new shares to 300,000 on Friday. I would like nothing more than for this to hit low 30s again. Watch SBSH, RAJA, and HMQT (the underwriters).

Best,
Jimmy Liberato

Full link is too long for here but just go to Free Edgar and type in BCRX for the amended S-3.
freeedgar.com



To: J.Y. Wang who wrote (83)11/1/1999 2:52:00 AM
From: Wolff  Read Replies (1) | Respond to of 96
 
BCRX has lost as much money as it stands to gain from the NA inhibitor compound under the best case scenerios as published by the 2ndary offering broker. The broker Smith Barney took the company, IPO, makes a market in the stock, and is the lead of the secondary. The product pipeline absolutely sparse, and the company is redirecting is efforts into finding drugs from discovering firms and taking them farther along, which ironically is what they themselves are supposed to be.

The cause of the buying is believed to be artifical support via the offering firms in order to foster a good market to dump the 2 Million shares, (and 300K over allotment)

JY this stock is the most manipulated real company I have seen, yes the company is real just tremendously over valued, I am more used to seeing this type of market price manipulation on OTC:BBs

But what can I say I am learning on this one too
wolff