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Biotech / Medical : DPII: Discovery Partners Int'l -- Ignore unavailable to you. Want to Upgrade?


To: Mike McFarland who wrote (21)10/11/2005 12:10:14 AM
From: Mike McFarland  Read Replies (1) | Respond to of 111
 
Five days of trading: DPII shares opened around
3.25 last tuesday, quickly ran up to 3.45, and
then sagged to about 3.20 late in the week.

Today, the shares seemingly opened at 3.40--
but did no volume to speak of, and then it
looks like ~25k shares went of near or just
above 3.10--with another 10k shares trickling
out over the rest of the day til the shares
closed at 3.05, down 15 cents on the day.

Good grief! That stinks to high heaven.
The other day I imagined a person might
be able to daytrade DPI a little, but
I withdraw that comment!

Damned if I know how anybody could possibly
daytrade these shares--obviously the volume is
way too thin and the direction mostly the wrong way
when the volume picks up. Well, I can't say that
is true neccessarily--for every seller there is a
buyer, and in this market, this time of year, I
would put my money on buyers--value investors
easing in to tax loss selling types of plays.
And for all I know, it is the same 25k shares
going back and forth between two hustlers.

I certainly think that the shares are as good
as anything to own at this valuation (free)
--"bwdIk" and standard disclaimers apply of course...