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Biotech / Medical : Biotransplant(BTRN)
BTRN 27.750.0%Jan 7 4:00 PM EST

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To: scaram(o)uche who wrote (186)12/14/1998 4:33:00 PM
From: Arthur Radley   of 1475
 
Excellent news for BTRN, however, as expected the market just "yawns" for biotechs with only "good news" and no revenue. It seems that over the past few days, numerous(more than normal)biotechs have released a flurry of information about their efforts...CTRX, CLPA, ASTM.

It appears that we have a double top in this market, indicating a major reversal for the DJIA, however, if we get a censure only vote on Thursday, I would expect a major rally for the end of the year. I will continue to watch BTRN, but for now I have enough biotechs to keep me awake at night. LGND< XOMA< CTRX>TTP
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