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Biotech / Medical : MGI Pharma MOGN New patents, anti cancer

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To: scaram(o)uche who wrote (156)9/11/1997 5:57:00 PM
From: David Cathcart   of 1826
 
Rick

I'm not in your league when it comes to analyzing companies. There...I've said it. : - )

Look at my profile and you will see that I was a philosophy major. I work at analyzing companies but there are others who are better qualified. What I do is try to digest what the experts say and combine that with my own research and observations.

From your post yesterday, I thought you were anticipating a price for MOGN in the $7 - 8 range based primarily on Salagen alone. If this stock breaks through $6, investors are going to begin to look at it in a different way. Once they look closer at Salagen, they will see INFeD, they will see MGI 114 (and perhaps even assign a value to a potentially blockbuster cancer drug!!!!), and yes they will see good management. It is a novel thought, but MGI Pharma may actually experience the benefit of a little upside momentum. Once it breaks through the sixish barrier, where it settles is a big question and one you are better qualified to answer. If it has the momentum to push through $6, why will it stop at $8?

One last question...Who the #%* is Henry? : - )

David
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