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Biotech / Medical : VD's Model Portfolio & Discussion Thread -- Ignore unavailable to you. Want to Upgrade?


To: Vector1 who wrote (8378)10/24/2000 6:43:41 PM
From: Andreas Helke  Read Replies (1) | Respond to of 9719
 
The Sepracor opening price on 10/19/2000 was $81.50.

Date Last Volume Open Day's Range
Thu Oct 19 - 87 1/16 - 16,187,300 - 81 1/2 - 70 3/4 - 89 3/4
Wed Oct 18 - 120 13/16 - 1,119,900 - 114 5/16 - 110 1/2 - 121 3/4

Andreas



To: Vector1 who wrote (8378)10/24/2000 7:59:47 PM
From: tom pope  Respond to of 9719
 
It's hard to say what you would have been filled at. My charts show an open of 81 1/2 a hi of 84 1/2 and a low of 1/16 in the first three minutes - the 1/16 obviously being nonsense. It tanked from there in the first 1/2 hour, down to a low just above 70. It's possible the rise to 84 1/2 in the first 3 minutes was triggered by standing buy orders(?)

Seems to me that the only reasonable solution is to give the portfolio a buy at 81 1/2 - 90 would simply not have been possible, even at Schwab.