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Biotech / Medical : Centocor ( CNTO )
CNTO 0.000010000.0%Mar 7 3:00 PM EST

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To: PawPr who wrote (607)3/30/1998 9:30:00 PM
From: FNS   of 965
 
Bruce: Nice to see your back! Hope your stay in Italy was molto bene! I agree with your comments regarding CNTO. I've got a pretty big position in it and so have shorted against the box - but got burnt the last time....glad I covered and now long. I think we have yet to test the 50 area with the anticipated Avakine situation. Wish I had a handle on FDA review window and how clean it is; i.e., dosage and timing req's may be questionable based on previous post info. But the bio-sector seems to be doing well so I'll stay the ride for now.

On the other hand, the DOW and NASDQ do need a rest...I doubt whether the 9000 will be cracked unless we correct in here - else a bubble effect!

Also staying with INTC and WCOM as core. Also holding CDG which I recently acquired. Yes, I hold 1K of CYPB at 3 5/8 strictly on speculation. Thanks for the IMII input.

Some techies have been and are still beaten down; i.e., the dd makers and CS....expect CS will stumble tomorrow as the president and CEO has resigned (financial woes).

<<I think Avakine is a drug with blockbuster potential.>> 2-3 years downsteam??? and what about competition from IMNX's RA drug???

Bruce, thanks for all input. Please keep in touch.

FNS


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