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


To: Jibacoa who wrote (700)9/8/2002 10:52:03 PM
From: tuck  Read Replies (2) | Respond to of 1005
 
Bernard,

The "insider" buying is the the BVF. noted on that thread. BVF has a pretty short term trading mentality these days, and takes fliers on companies that some biofreaks find a bit odd. Arena hasn't had any significant deals or discoveries in quite a while, and at least one biofreak thinks their platform is hype, and the Genesis Project (I think that's the name) a waste of money. Mr. Market seems to concur. BLUE HP stopped averaging down upon hearing that, and has been waiting -- as for Godot, the 2nd coming, etc. -- for some news to pop it up and bail. Sort of like LSBC, among others. To be honest, I haven't paid any attention to it for some time.

Cheers, Tuck