Isis Pharmaceuticals, Inc. Message Board
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after hour trades
Has anybody seen the large blocks traded after hours. Does anyone know who is loading up on ISIP?
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I guess I agree with your conclusion about this one.
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Someone who I had recommended the stock to
(before the 2302 debacle) called me and told me they
tried to trade it today but it had been suspended. The
reason given by the broker was that the company had been
sold. Sounds like misinformation to me as the stock
appears to be trading now. -
Tell us more.
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The large blocks were actually sell orders. Most
large institutions have given up on ISIP. This is
evident from the decreasing instituational ownership over
the past 9 months. They are now taking advantage of
this opportunity to sell remaining shares. A good
example of this pattern is IRID. (Iridium is now in
Chapter 11 and trading on IRID had been suspended for
some time.) After institutions abandoned it, it
plummeted to $9. Then it went up to $13-17. After that, it
slowly droped to $3 before going into Chapter
11.
Just a word of caution here. Yesterday and today's
large volumns were a result of retail interests, rather
than institutional interests, as evidenced on L2
records.- 3 Replies to drprotein
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Last wednesday's Wall Street Journal had a
comparison of biotech companies and listed them by the
number of patents. ISIS was ranked third (trying to
recall from memory the other top contenders were Amgen,
Biogen, and Genentech but they are all giants compared to
ISIS). Aren't those 180 or so patents worth anything?
Inventions usually tend to go strange ways after a few
years. Also if one of the giant biotech companies wants
to look more sexy in innovation to their
shareholders all they have to do is to buy out ISIS and they
get on the top of the list in number of biopatents
very cheaply.
For that reason I would expect
that sooner or later ISIS might be bought out. Any
comments? -
You're right, I too have watched the action from the sidelines. The institutions are selling into the strength. Good luck to current investors and be wary.
Disclosure: no positions in ISIP -
In message 9181 you said it was a good time to sell you had. OK Goodbye.
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