So why am I down another 3% again today? ?

[jm2552]

Quoted from a press release at 6:00AM today:


Leerink Swann & Company Initiates Coverage of Panacos Pharmaceuticals, Inc. (NASDAQ: PANC)
Tuesday October 18, 6:00 am ET

BOSTON, MA,--(MARKET WIRE)--Oct 18, 2005 -- Yesterday after the close, Senior Biotechnology Analyst, Joseph P. Schwartz, initiated coverage of Panacos Pharmaceuticals, Inc. (NasdaqNM:PANC - News) with an Outperform rating. His investment rating is based on his research, which was confirmed by MEDACorp physician consultants that the market opportunity for Panacos' lead agent PA-457, a once daily antiretroviral drug, may be significant and that upcoming milestones may enhance investor interest in the stock.


Outperform! So why am I down another 3% again today?

(Also, Imissed the show tonight, but thanks to Thierry's recap I see cramer had this as bearish. Anyone catch why?)

[englishman26]

"It was a trade, like Biocryst. It's had it's move now get out." Or something like that!

[jm2552]

Thanks English. Now, since you're in pharmaceuticals (even though PANC is more health/biotech) can you enlighten me as to why this doesn't have me smoking cigars and drinking Chevas? All kidding aside, this thing should be doing great. Any thoughts?

[ki klempa]

i READ a article on msn. if the link works:http://news.moneycentral.msn.com/ticker/article.asp?Symbol=US:PANC&Feed=Bcom&Date=20051018&ID=5199522,

IF the link doesn't work it says it will gap open today 3.5%, so maybe people just want good news again to start buying again, good luck

kim