Biotech Values

[DewDiligence]

Re: Exercise-and-hold-all-shares transactions

If you don't sell to cover then you are effectively buying more stock now, which distorts the subsequent comparison.

I would argue that an exercise-and-hold-all-shares transaction being tantamount to buying more shares (because of the need to satisfy the tax liability) is exactly the point and the reason such a transaction is bullish.

Thus, I agree with your original contention in #msg-54034666 and I disagree with your new qualification in #msg-109706460.