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Oscient Pharmaceuticals C (OSCI) Message Board

  • denver_investor denver_investor Jul 31, 2002 11:56 AM Flag

    need to see a reversal of this trend

    I'm not even thinking about buying any more of this stock until I see 3 up days in a row.

    Seems incredible to me that people are selling here, but they are.

    By the way, there was an excellent article in the Wall St Journal yesterday about biotechs and the fear of cash burn. I don't see it as applicable particularly to GENE, but it talked about the negative sentiment in general towards the entire biotech sector right now.

    One company they mentioned was acquired by another company just to get the large amount of cash the acquired company had on its books. If GENE's price doesn't start rising pretty soon I can see this as a possible scenario here.

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