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Biotech / Medical : Pharmacyclics (PCYC) -- Ignore unavailable to you. Want to Upgrade?


To: Sam Citron who wrote (670)12/17/2001 2:21:27 AM
From: scaram(o)uche  Read Replies (1) | Respond to of 717
 
>> I hope that the silence I have encountered thus far is not an indication of complacency on the part of investors. <<

Hey, we're not chatty in SI biotech. I don't qualify as a PCYC "investor", so I can't speak for them. If I could, I might suggest that you sit on your thumb and spin rapidly.



To: Sam Citron who wrote (670)12/17/2001 12:39:51 PM
From: Harold Engstrom  Read Replies (1) | Respond to of 717
 
Rick's pointer to Peter's earlier post was actually informative, while my post was not really (I apologize.)

But, I really think that you intuited the answer that many might like to expound on but don't want to just flame management.

I owned PCYC on three separate occaissions - buying when it tanked and selling when it spiked (luckily). The Feuerstein column Peter references sobered me enough to stop considering it after the last purchase. While I owned it, I found out nothing from the company when I called (although they were polite.)

I would not buy PCYC at this point. It is analogous to PRCS, which I do own and think is a better play (if you want to live dangerously with a biotech trading at cash.)



To: Sam Citron who wrote (670)12/17/2001 5:42:28 PM
From: Biomaven  Read Replies (1) | Respond to of 717
 
Sam,

The release of extremely material information one minute before the close of trading is much more serious.

I don't know when the release was made, but looking at the Time and Sales, there was no drop before the close - the last trade was at $22.35 for 100 shares at 16:00:13. There were a few trades after hours near that price, but nothing of any size (the biggest I see is one trade of 6k shares at 16:02) until the trades at the "new" price of around $13.50 at 16:08.

Peter