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Biotech / Medical : Biotech Lock-Up Expiration Hell Portfolio -- Ignore unavailable to you. Want to Upgrade?


To: tuck who wrote (407)9/6/2001 12:31:09 PM
From: Jibacoa  Read Replies (1) | Respond to of 1005
 
Tuck:

Good down-gap on ARNA today. It seems ready now to buy some shares.<g>

It had a good up-tick at 9.58AM (827,800 shares and the price up from 10.92 to 11.25)The intra-day L was 10.10 at the start, on low volume.After the "up-tick" the volume has remained relatively low and has been able to hold above the 11 level in spite of the DOW (now down 181)<g>

Today ML downgraded it from NT buy to NT neutral and ABN lowered its total revenue expectations to $18.1 million from $23.7 million for 2001, and to $24.5 million from $37.7 for 2002. It also expects the company to report a loss of 14 cents per share, versus its original expectations of a profit of 15 cents for 2001.

Have a good vacation and safe hiking.

Bernard