If I have stock options (and I do), I can
basically do 3 things with them:
exercise them and keep the shares
3) exercise them and
sell the shares
When I do #1, it means that a)
my options are not about to expire and b) I think
the stock price is going to go up and c) I have no
immediate need for extra cash. #2 means that a) my options
are about to expire and b) I think the stock is worth
holding on to. #3 means that a) I need cash or b) this is
a good time to get out of this stock.
many insiders selling stock should have been an
obvious warning that people who should know thought the
stock was at a high and the time for getting was
As a customer of Pall, I can tell you that 1) we
would prefer not to be, 2) we are looking for
alternatives, 3) our suppliers tell us we are far from unique.
I haven't been following this list for a while,
but the following citation came across my desk for
other reasons, and I thought it might be of interest to
the people who watch BTIM.
Vox Sanguinis, vol.
Circulatory Effects of Whole Blood,
Packed Red Cells, Albumin, Starch, and Crystalloids in
Resuscitation of Shock and Acute Critical Illness
AUTHOR(S)- Shoemaker, W. C.; Wo, C. C. J. PAGE-
I haven't read it, so it may not even be relevant,
but it is worth checking out. My apologies if I'm
repeating someone else's post.
>the short interest on
june 15, according to wall street journal
2,188,221, a drop of only 130,128 shares.
Wow, I am
amazed. Those shorts have some cojones. I personally
wouldn't short a $5 stock of a company with completed
phase III trials and a submitted application to the FDA
and a corporate partner, especially with an
apparently passionate shareholder base.
>do not be fooled by people who say btim was easy to
short at 27,
>but no one would do it now. it is
being done. every day.
I'm not fooled, since the
person who said that was me. It *was* an easy short at
27. The short interest is and has been dropping,
though. I was of course wrong about the short interest on
In a previous message, you
>Only down by 85k shares. I'm shocked frankly. Time
Remember, that is the May 15th
number. The June 15th number is overdue by a day or so.
Check out the following site for more info. I too would
be surprised if the short interest is bigger than
1.5 million as of June 15.
Don't know about fluosol in particular, but ALLP
has at least three perfluorocarbon products. Oxygent
is a synthetic blood, Liquivent is a liquid
breathing solution to help damaged lungs, and I think the
other one is called Imagent and is used as a phase
contrast agent--I can't remember whether it is for MRI or
ultrasound or neither, but it is used to enhance some sort
I think ALLP had a disagreement
with their partner J&J about how to proceed with
clinical trials for phase III for one of their products,
so ALLP is going it largely on their own (with a big
hit on their stock price).
If you are
interested in hemoglogin-based blood substitutes too, NFLD
and BAX seem to be the furthest along, though BAX
halted two of its phase III trials. Of particular
interest to BTIM, though, is Hemosol which is conducting a
phase II trial comparing its blood substitute to
Do you *really* think the short interest is still
huge? Personally, I'll be amazed if it is. Let's be
conservative and say you shorted at 10--it's not like you're
doubling your money by shorting it to 5 instead of 6, all
the while your risk is increasing rapidly as the
price falls. From the monthly numbers it looks like
most people shorted at much greater than 10, so the
rewards for continuing to be short at such a low price
don't seem to outwiegh the risks.
A few messages
ago, mesaone said:
>All that the shorts have
done (and are doing) is delaying
>development of lifesaving medical technologies.
>he doesn't care about science or
medicine or doing anything to
1) It's pretty much a strech to talk about Hextend
as a "lifesaving medical technology". Why do you
think they didn't need to do phase I & II? Though it
may have some benenfit over existing colloids, it is
so close to what is already out there that it's
almost a me-too.
2)The counter argument to "all
the shorts have done..." is that people who hyped
BTIM, and it *was* unequivicably hyped, simply wanted
to take investors for a ride by pumping and dumping
the stock, thereby making money for themselves and in
the process, keeping money away from truly deserving
My points are twofold: first,
the helping socielty argument is just plain
unfounded. Second, I don't think you'll have the shorts to
kick around much longer. :)
(well, ok, that is
unless the stock price hits unjustified high levels
Actually I did know about that site, but it is
good to let everyone else know about it too. Who
pissed in your Wheaties? Gee I'm not having such a great
day either, I'm never going to win that investment
challenge the way things are going.
In message 2170, you cogently replied:
>Kiss my AS(S) Neuter Boy!!!
hate to enlighten you, but the press releases via
>are not posted the minute the release is made public.
Then again >you're so bright, you probably know
that. Check out this
>http://WWW.NEWSALERT.COM/ if you want some useful information
hypertext. The SHOW websight is a waste of time.
In message 1268, you said:
you have a problem reading..........you can click
>the NEXT MESSAGE button. I'm sure some people don't
>time to search the news & click on
every hypertext link they see
response to my message 1267:
>>I think you
are right that some people are uncomfortable
>>hypertext links, however, it has gone to the silly extreme
>>1) post entire news releases that
everyone here sees by virtue
>> of their using
yahoo and getting a quote on BTIM and
breaking up an entire journal article in 10+ posts,
>> than just posting the abstract and a
Regarding "not having time to search the news", maybe you
don't know this or you think the readers of this board
are stupid, but when you get a stock quote through
yahoo, it brings up the recent news for that company. If
you don't read at least that news, you probably don't
have any business posting. But it is not a big deal to
hit next, as you say.
It is more of a deal
when the technologically challenged repeatedly cut an
paste a hypertext article, thereby eliminating the
hypertext AND figures, which are arguably the most
important part of the paper, rather than just doing
something like posting the abstract and the link.
am sure the cut-and-paste poster simply wanted to be
informative, but give the readers *some* credit. It's not the
80's--get with the 90's. On occasion hypertext can be more
useful than text--this was one of them.
in message number 2164, you
>..because you make a statement & in order for the reader to
>your complete statement or your view/response, we
unfortunately >have to click on
I think you are right that some people are
uncomfortable with hypertext links, however, it has gone to the
silly extreme that people 1) post entire news releases
that everyone here sees by virtue of their using yahoo
and getting a quote on BTIM and
2) breaking up an
entire journal article in 10+ posts, rather than just
posting the abstract and a link.
Any bets on what it is this month? My guess is
that it'll be significantly less than last month. My
position has alway been that this was a no-brainer short
at 27, but very risky at less than 8. The problem
is, we're gonna need someone else to blame for the
low stock price once the shorts have covered. I'm
counting on the covering shorts and optimistic (read
acquisitive) longs to help me win the yahoo investment
For some reason, NASDAQ was late reporting on
their website, but
DRUM ROLL PLEASE....
short interest dropped to less than 1,000,000!!! (just
For may 15, the short interest was 2,295,984 compared
to 2,381,254. It *did* drop, however, for the first
time since July 97, when it dropped from 989,508 to
953,985. Well, a lot of water
has passed under the
bridge since then. Stock price triples in a
splits, phase III gets completed, IND filed, stock price
drops to what it was a year ago. Just remember, though,
this stock was <$2 in feb 96. Hope you bought then
and not at 27.
Steve, I agree with much of your analysis of BTIM
in your recent posts on SI. Just a miscellaneous
factoid, though: a unit of FFP is typically made from
about 450 mL whole blood + anticoagulant. Depending on
how the unit is centrifuged, whether a platelet unit
is also made, etc., you'll get 180-330 mL of plasma.
Typically, the 250-330 mL plasma units are the ones that
become FFP. However, I understand that the size of an
FFP unit varies across the country.