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 : Techniclone (TCLN) -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (2713)	11/15/1998 3:13:00 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 3702

Yes, Jibacoa, I'm watching Cytel with interest. There are parallels with Techniclone. Cytel does seem to have real prospects so is not simply a management bleeding the company dry and prolonging the pain by a reverse split. Currently 50 cents and after 7:1 reverse split I think we should see around $3.50 or even an increase to $5, but the Technicloners will expect to see it slide back to 50 cents. Of course, over a period of half a year, if they aren't making progress, the money will continue to drain out and a decline will set in. My understanding of the objections to a reverse split by TCLN was that the drop would be rapid and of a Technical Analysis nature rather than from a change in fundamentals. So we shouldn't have long to wait. Thanks for the suggestion. Meanwhile, TCLN has only 6 weeks to the end of the year and I suppose Jack Gaddy will be preparing to send me my prize for being closest to the actual result in the competition 'guess the share price of TCLN at the end of 1998' which was held back in April or May. Maurice

To: Jibacoa who wrote (2713)	11/17/1998 11:11:00 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 3702

Re CYTLD reverse split. Okay, it's happened and the price today is $3 on 11,000 shares = talk about lack of liquidity. 52 week low was $2.60, split adjusted, so according to the theory of reverse split disaster, the price should have been there by now. The shareholders would not be holding the stock if they KNOW it is going back to the 50 cents before the reverse split. So far, the evidence is that people have not bailed out and lowered the price to the pre-split level of 50 cents. Now we have to wait and see what the fundamentals do. If they don't develop something to generate sales and shareholder excitement, the share price will continue to slide as cash is eroded and the company's prospects dim. But that wasn't the idea of reverse split disaster, it was simply a technical analysis idea that people would bail out because people would bail out = a self-fulfilling prophecy like so many lemmings stampeding. This anecdote will be interesting, but cancer researchers know that a single individual case does not prove a general prognosis can be predicted for everyone. Even if CYTLD stays up, it would not prove that TCLN would stay up if it reverse split - so many here seem to be opponents of reverse splits that it might well be that they would lemmingize at the first hint of a reverse split. Similarly, if it goes down, it does not show that TCLN would do the same. CYTEL CORP (Nasdaq:CYTLD) - More Info: News , Msgs , Profile Last Trade 3:42PM · 2 15/16 Change -5/16 (-9.62%) Prev Cls 3 1/4 Volume 11,700 Div Date Nov 16 No 1 year chart available for CYTLD. small: [ 1d \| 5d \| none ] big: [ 1d \| 5d ] Day's Range 2 15/16 - 3 1/4 Bid 2 15/16 Ask 3 1/32 Open 3 1/4 Avg Vol N/A Ex-Div Nov 16 52-week Range 2 5/8 - 17 1/2 Earn PS: Jack, I'd forgotten there some bids lower than mine [apart from the notorious Endotarget], so I guess I'm not going to be in the running after all. It would be nice to see $4 as that would mean progress on Oncolym or other technology [or some sudden publicity like Entremed].