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From: elle.m...@gmail.com
Date: Fri, 19 Dec 2008 13:07:19 -0800 (PST)
Local: Fri 19 Dec 2008 21:07
Subject: Is this insider info or manipulation?
Over the last 2 days, Genentech (DNA) has risen almost 8% ($7+), the
highest it's been since 11/19, having been under the shadow of the rejected Roche buyout bid, the financing of which has nevertheless remained a matter of ongoing speculation. That speculation has been questioning whether Roche could even finance the deal if it were to ever go through. On Thursday 12/18, DNA stock began to rise on no apparent news, with commentary found today on another site that states: "unsubstantiated market chatter that deal financing for the previously announced $89 per share bid from Swiss drug maker, Roche may be looking good". If the latter is true, wouldn't that be considered to be insider information? If not, is there manipulation going on? While I have owned Genentech stock for more than 10 years, I will be glad to be done with it because I've seen this sort of action too much. Once 09 rolls in, I will be glad to either cover my short call on it and sell or let it be assigned. I'd rather be in another strong biotech that does not seem to be as subject to apparent manipulation. You must Sign in before you can post messages.
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