Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : ChiRex (CHRX) -- Ignore unavailable to you. Want to Upgrade?

To: scott who wrote (90)	12/19/1997 2:54:00 AM
From: Bob Swift	Respond to of 130

Year end tax loss selling or the first short term leaving of long term investor is more like it. Progressive increase in volume on decreasing price five days in a row. Time to run for cover ?

To: scott who wrote (90)	12/19/1997 3:11:00 PM
From: Haseltine	Read Replies (1) \| Respond to of 130

... today must be the third day the momentum investors are bailing out! I checked the list of institutional holders to see how ownership has changed over the past 12-18 months. There is nothing useful that I could gleen. The top CHRX institutional ivestors are first rate: American Express Financial (as of 9/97) had 9.58% of the equity; Warburg, Pincus was second with 3.76%. These are not what I would think could be called "momentum investors" so I doubt they are the sellers but who knows!! Let the fund managers take their profits and earn their year end bonus (which is what I think is happening). At $17/share with analysts projecting $33/share next year, this might be another buying opportunity for us little guys...