Replies to post #48702 on Biotech Values

[dewophile]

alth
that certainly seems to be the case..and impule buys like this rarely work out, but at 10 cents i don't have much to lose

[quantumdot]

ALTH - >>hedge funds were waiting for this to fail so they could buy the pipeline<<

I don't buy it. If hedge funds thought it was worth $6.75 a share for PDX then why have they not been buying it in the low $5s over the last month. Further, any hedge fund trader worth his salt would have not bid it up on the open after the lead drug failed! They would have tried to instill some retail fear by selling short/selling. In fact, by definition if you are "waiting" for something to fail so you can buy the pipeline you are aiming to buy the pipeline cheaper! Something doesn't smell right in Allos' trading today that is for sure, but I don't buy that this is some kind of rally to buy the pipeline that could have been bought far cheaper over the last 6 weeks.

[iwfal]

ALTH - I would suggest that it is the fact that ALTH is finally giving up on their drug instead of pouring more money into it.

I suspect something similar would happen to EPIX if they stopped tilting at windmills. How many times does the FDA (right or wrong) have to tell you to run a new trial before you do it? If they had done it the first time they were told they would be finished now.

[quantumdot]

ALTH - >>hedge funds were waiting for this to fail so they could buy the pipeline<<

it seems the boys at 667 Madison weren't doing a whole lot of buying on the 19th. ;-)

http://ir.allos.com/phoenix.zhtml?c=125475&p=IROL-sec