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Dyax Corp. (DYAX) Message Board

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  • mblimon2000 mblimon2000 Feb 18, 2004 1:40 PM Flag

    Interesting trading

    Can you explain me why institutions are buying this stock at this price, if the company will still make a loss for the next two years? I have just listened to the CC and I cannot discover the magic, which allows for a 12 $ share price (or even half of it). Can you?

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    • I have a feeling there is some pumping going on here. Shouldn't surprise anybody, now that big brother Genzyme is in this game. Watch out for the dumping. It may come sudden and fast.

      • 1 Reply to mblimon2000
      • and then again...there may be no dumping at all...this stock is under heavy accumulation at these levels..with price targets on the low end of 13.00 mid 14.00 and upper 15.00 if after a few more quarters the numbers abd trials look good...all bets as to those targets are off and this will shoot up! Pumping? No I think rather the excitment over this I do expect some retracment which is normal...and some profit taking is going on...and still this baby holds...way to much institutional intrest for a funds dont tend to "dump" but rather hold for a stocks true potential..which is what I am doing!

    • They are buying and it is trading on future fundamentals...the markets look forward! This companys drugs will change sick peoples life! and what do you think thats going to be worth! Billions....this is a winner..IMO

    • I'm this DYAX not for 50% gain, not for 100% gain but 1000% gain. I'm looking for $50 by end of summer.

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