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To: wilyolvet who wrote (6712)2/8/2001 9:24:18 PM
From: Montana Wildhack  Read Replies (2) | Respond to of 14101
 
Here's an SH posting by pigscanfly about Celebrex/Vioxx
that is very worthwhile reading:

stockhouse.ca



To: wilyolvet who wrote (6712)2/8/2001 10:32:41 PM
From: Joe Krupa  Respond to of 14101
 
wilyolvet,

"....Compost's hypothesis is that Acqua may have quietly bought up shares in advance of the announcement and could be using those shares to keep the stock price in check during the 20 day period"

An interesting theory . . . you never know! Coincidentally, I believe Brink Hudson started selling right around the time of the financing, and continued to sell "gently" into any strength that has been shown. I will check my database and see if I can make a correlation . . . more on this later.

joe



To: wilyolvet who wrote (6712)2/9/2001 11:45:02 AM
From: Joe Krupa  Read Replies (2) | Respond to of 14101
 
wilyolvet,

As promised, I looked back at the Brink Hudson selling for the past month. I have to say, that theory about them selling to hold down the price looks pretty good after seeing the numbers.

The first trading day after the financing was Monday, January 22. Until Friday of that week, the price remained relatively stable in the low to mid 7's. On that Friday, the price made a nice move up, and signaled the next weeks wave up to $9.20. Coincidentally, that Friday was the first day Brink started to sell.

As the price moved up over $8, Brink started to sell heavier. As the price moved back down under $8.00 their selling slowed considerably. Today, no selling by Brink yet.

It sure seems like Brink is happy with the price in the $7's but not in the $8's. So far they have sold 100k shares, a small amount to get a possible 1,000k at a discounted price to what they just sold at!

It may be totally coincidental, but the theory fits very well.

joe

PS. See my next post for the Brink Hudson numbers (they need to be posted with fixed spacing)