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Biotech / Medical : biotech fireworks -- Ignore unavailable to you. Want to Upgrade?


To: tuck who wrote (2545)7/1/2006 3:01:13 PM
From: hmpa  Read Replies (1) | Respond to of 7424
 
TRCA was up over 20% Friday
This seems to be a part of a "very" unusual pattern for Russell additions and exclusions. Unlike any of the previous years I am aware of, most of the dumped issues went up in a meaningful way (e.g. see ISTA), while additions somewhat slumped, see e.g. finance.yahoo.com

I don't understand why it could have happened - other than for some reason accumulated short and long positions, respectively, in anticipation of the rebalancing were bigger than actual demand for shares.
(Alternative is if there is a large net short position on Russell ETF - I have no clue how it is getting processed - does ETF have to go and short the shares?)



To: tuck who wrote (2545)7/1/2006 8:27:54 PM
From: Ian@SI  Read Replies (1) | Respond to of 7424
 
Hi Tuck,

1. I see you caught my disease. ...the stock had been whacked recently on loosing some sort of ground to Insmed... Thank god that a well educated, literate sort can also suffer a momentary lapse.

2. I know of at least one other trade of yours that's going well so far. Yes, the NKTR play caught me by surprise. I really wasn't expecting much to happen before the end of July. It does make me wonder if I should just take the offering and hope to get it again prior to month end???

I haven't any clue whether the last couple days is the start of something serious; or, if it was just some technical Month/Quarter/Half move.