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Biotech / Medical : 2000-Year of the Biotechs! -- Ignore unavailable to you. Want to Upgrade?


To: Volcano888 who wrote (430)3/2/2000 3:42:00 PM
From: Don England  Read Replies (1) | Respond to of 1142
 
vol, the science-heads don't always reply, so i'll make a minor stab. they had positive results on their lupus drug from, as i recall, phase 3 trials, and the presentation on the results went favorably according to the co. things go to hell after that. an analyst, name of augustine, panned the results, reported the meeting in a grossly disimilar manner to that of the co., and the stock tanked from a hot run over 13 to about 9. has been basing 9 to 11 for days and days. i have been a buyer here and am sitting on a couple of thousand with great hopes. another firm has placed a $20 value on their shares. if the lupus results hold they are worth it. something must be afoot as they have moved very well today. hope this helps. don