Human behaviour & mass hysteria
Prior to Feb/99, the only time that SUGN traded over a million shares (and jumped about 20%) was on Monday, May 4, 1998
... after the New York Times said that Entremed had cured cancer in mice. Entremed jumped from $12 to $85. What about SUGN?


  • On May 4,
    Open = Low and Close is near High
  • On May 5 and for most of the following week,
    it Opens at or near the High
  • For a couple of days after May 4, the High actually increases.
  • Although the price drops after a few days, in a couple of weeks the High and the Close are regained.