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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?

To: biowa who wrote (707)	2/23/2000 8:07:00 PM
From: Biomaven	Read Replies (1) \| Respond to of 52153

biowa, I think someone else gets credit for the 20% figure. All I pointed to (starting originally I believe on the PCYC thread back in September) was the notable strength after follow-on offerings that in retrospect seems to have marked the beginning of this rally. My explanation at that time was simply a bigger float, liquidity and a chance to tell their story to institutions. V1's subsequent comment that it was just institutions who couldn't get their requested allocation going out and buying it on the open market may actually be closer to the truth. Peter