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Biotech / Medical : Pathogenesis(pgns) -- Ignore unavailable to you. Want to Upgrade?

To: Dave Twibell who wrote (160)	3/23/1999 10:01:00 PM
From: LLCF	Read Replies (1) \| Respond to of 228

<Take a look at the time and sales chart, David. Trades went off aftermarket as high at 3/8.> I assume you mean 12 3/8, hardly a "gap" as stated in your post. Hell the stock was 12-12 1/2 half the day, thats in between the market. FYI a "gap" is like dollars away from last sale. <Stocks with bad news rarely trade up in aftermarket. Usually it takes morning market buys and market maker short covering to move them.> From my experience stocks trade up afterhours if there are people willing to bid them up afterhours... down if there are sellers willing to sell them down... same in the morning. :) <Whether the buying interest continues in the morning, though, is anyone's guess.> As I said, the stock was 12 bid, 12 1/2 offer at 4:20 CST, if you call that "buy interest" fine. My observation suggests there was pleanty of interest in "trading" the issue (both buyers and sellers) for at least an hour after trading which is not unusual in an issue like PGNS given the news today. Frankly I'm surprised that the stock finished so low today, I think the institutions are pleanty PISSED OFF at the CEO (forget his name), I listened to the call on Bloomberg and these idiots barely asked the pertinent questions (what is this damn product going to sell?) but kept harping on why the guy sat on the news so long while he sold HIS stock. I'm sure there will be lawsuits "A GO-GO" before it's all said and done. That said, the company isn't changing it's belief that it will eventually take the market share they had originally planned on! Doesn't sound that bad to me. DAK DAK