SI
SI

 Biotech / Medical : Genstar GNT(formerly UroGen)-- an interesting speculation


 Public Reply | Prvt Reply | Mark as Last Read | FilePrevious 10 | Next 10 | Previous | Next  
To: Elliot Lepler who wrote (43)4/28/2000 5:09:00 PM
From: tuckRead Replies (1) of 100
 
Elliot,

Not looking to trade. I hope it does come back down. If GNT trades below $5, I will continue to nibble. I think GNT may be in the early stages of a dump and pump scheme. We are seeing some weakness now because of the overhang we've just discussed. I'm betting it will consolidate in single digits for a few months, and then go up this autumn, after some of the overhang has been worked through. News then, beginning of biotech seasonality, etc. A slower, more sustained rise in the autumn will allow the second wave of early stage financers of the company to scale out and look for fresh game.

Right now, GNT is paying the price for getting financing at all. But it got some of it on good terms, and that, along with its development progress, will give it an edge over many that did not raise funds during this recent spike.

My humble opinion, and that's how I'm playing it.

Off to climb rocks. Have a good weekend yourself.

Cheers, Tuck
Report TOU ViolationShare This Post
 Public Reply | Prvt Reply | Mark as Last Read | FilePrevious 10 | Next 10 | Previous | Next  

Copyright © 1995-2013 Knight Sac Media. All rights reserved.