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Exelixis, Inc. Message Board

  • retsoz retsoz May 1, 2013 4:05 PM Flag

    what happened?

    why the drop of today with volume comparable with the 3 months average? THERE ARE NO NEWS!

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    • Biotech fund blowup - Ayer Capital Management going out of business and liquidating. EXEL not one of their holdings, but dragging whole sector down. NPSP, HALO, CLDX among holdings. Search seekingalpa or twitter for links.

      Sentiment: Strong Buy

      • 3 Replies to jackster_cat
      • This claim is dubious and tend to introduce panic. If a biotech funds is in trouble, it must be a short fund(or short long) due to biotech stellar performance. If it is liquidating its positions, it has to cover instead of selling long positions. Selling its long positions may not save its short positions. No management overlooking this fund will allow this kind of suicidal action, hoping its selling will cause a cascade of sellings. Something fishy with this claim.

      • Just on Monday, I overheard a hedgefund short claiming that the Russel Index is overvalued, that means he is short Biotech on the whole. Coincidence, today is 1 may , and the saying to sell in may and go away is still at that hedgfund minds. I am to believe any dips creates a buying opportunity with Exel. Ongoing trials and could be a surprise, there is much more upside here. I wondered when will CEO buy some shares? I am also thinking that someone is pressuring share price down in anticipation of an offer. It has been done with many Bios before. Todays selloff needs some justification. You just dont take out a Company's market cap with just 1 million plus shares.

      • in this case all is right! All is right. Thanks

    • $$$$
      Other than weak management, weak finances, and weak knees... nothing happened.
      Just another weawwy, weawwy weak week...
      MMM's palying w/ Karbe's wee-wee while dumping 10% of market cap in one day...
      On no news...Welcome to EXEL...

4.54-0.21(-4.42%)Feb 5 4:00 PMEST