Biotech Values

[RockRat]

PTI: Ended up day trading the Oct 7.5s for a reasonable profit. Waited for the late spike that comes when trapped shorts have to give up and answer their margin calls (brokers give you till an hour or two before the close, or they do it for you). Re-established position with November calls as the stock got to upper $8s and $9s.

It's already exceed the ambitious price target given early this morning by an analyst whose firm will doubtless be part of the impending secondary. Saving a little powder for tomorrow. But I doubt they'll give folks too long to comb the data before pulling the trigger on that financing.

Regards, RockRat