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Biotech / Medical : Neurocrine Biosciences (NBIX) -- Ignore unavailable to you. Want to Upgrade?


To: scaram(o)uche who wrote (596)6/30/2000 7:52:16 PM
From: Miljenko Zuanic  Read Replies (1) | Respond to of 1834
 
His timing with NBIX was not as good as ours:

3/31/00 467,400 $9.93 2.1 386,100 474.9
12/31/99 81,300 0.4 13,200 19.4

He was heavy buyer in 2 Q, ~600K shares.
However, it doesn't mean that he will not do well in coming years.

He probably sold small part (of the higher cost) in recent *bobble* (R2000 effects, as Peter will say).

Miljenko



To: scaram(o)uche who wrote (596)7/1/2000 9:20:12 PM
From: tom pope  Read Replies (1) | Respond to of 1834
 
A couple of stocks I follow had crazy patterns today, including NBIX. I was wondering whether the action might be connected with this (from TheStreet.com)

>>[Russell 2000]mayhem in a ton of biotechs between $300-$1 billion market caps.

Many ramped up because they were going to be included.

I saw a few ramp on the rumor of being included and were then dropped like a hot potato around mid-day when it was learned that they wouldn't be included.

So many of these stocks are too thinly traded to handle this... swings of 20% up to 20% down on a dime. Creates many opportunities for the swift. <<


REGN was also crazy on Friday, among others.

Might the action in NBIX have been Russell 2000 related? Did a search but found no news on any additions Friday or even current compostion of the Russell 2k.