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Biotech / Medical : XOMA. Bull or Bear? -- Ignore unavailable to you. Want to Upgrade?


To: Slugger who wrote (10149)5/21/1999 4:17:00 PM
From: aknahow  Respond to of 17367
 
Sluggger, what can I say? No, I just won't say it!

BVF offers insight into how one biotech hedge fund operates.

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For the Price per Type of
Trade Date By Account of Quantity Share Trade Broker
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<S> <C> <C> <C> <C> <C> <C>
01/25/99 ILL10 Partners (5,000) $2.8750 Sale INET
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01/26/99 ILL10 Partners (5,500) $2.9375 Sale INET
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02/24/99 BVF Partners (12,400) $3.2500 Sale INET
- -----------------------------------------------------------------------------------------------
02/24/99 BVF Ltd. Partners (10,000) $3.2500 Sale INET
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02/25/99 BVF Partners (10,900) $3.2249 Sale INET
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02/25/99 BVF Ltd. Partners (9,000) $3.2249 Sale INET
- -----------------------------------------------------------------------------------------------
02/26/99 BVF Partners (9,000) $3.2500 Sale INET
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02/26/99 BVF Ltd. Partners (7,000) $3.2500 Sale INET
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03/01/99 BVF Partners (25,000) $3.0610 Sale INET
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03/01/99 BVF Ltd. Partners (16,500) $3.0610 Sale INET
- -----------------------------------------------------------------------------------------------

All the sales occurred almost within one months time. In fact other than the first 10,500 shares the sales occurred within 4 business days.

BVF IMO limited intuitive observations has a tendency to use internet brokers for sales. Do they? I don't know. But a computer sale is less visible than one done with a live person. I also think I learn something else that is obvious. Once a decision is made to buy or sell BVF does not screw around. They just get the job done. Day in day out.