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Biotech / Medical : CLTR COULTER PHARMACEUTICAL

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To: rkrw who wrote (325)9/26/1999 8:51:00 PM
From: Bob L   of 666
 
I haven't staked my professional reputation on CLTR because I haven't got one, at least not in biotech. But I've followed this issue pretty closely for a couple of years. While you are waiting for the smart people to respond, I'll say I've added at 18 and at 17. Seems like I should have waited, though, as it appears we are going to have a good look around the basement for a while. I hope we don't have to dig up the foundation too.

By the way, we didn't all "love" it at $35. I wrote calls and bought puts at that price. It seemed sort of rich at the time. But this dance with the FDA hasn't changed the odds of approval in my view. Its just made buyers wary because who knows where the short term bottom is.

I agree, this is a fascinating story. I feel like I'm really learning something. I just wish I knew what.
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