Biotech Values

[linhdtu]

You will have to count me in the latter category with my amarin adventure, perhaps disaster is more accurate :0 BTW, thank you.

BTW, I do believe enta will go much higher in the future if the results from the remaining trials are stellar as the one today.

The logic is simple enough. At IPO, there were 4.6M sold hence the float is 4.6M + 0.338M sold by Vcs so far (I tally the numbers from edgar). With 3.8M sh held by institutions (assuming they don't day trade like retailers), there is only 1.2M sh free floating among retailers like myself and I ain't selling.

As the results and data released become more compelling, any whale wishing to buy will have a dramatic effect on price. That is why I learned from laslo birinyi that sometimes a bigger float facilitates institution accumulation and thus higher and stable price.
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who have sizable tax-loss carryforwards may ignore the above and root for a near-term buyout, LOL
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