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Biotech / Medical : Pharmacyclics (PCYC)

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To: HB who wrote (250)1/5/1998 9:22:00 AM
From: fut_trade   of 717
 
<<But, I may be more bearish on the overall market than many of you.
I have seen many offerings where the price went up 10-20% for
awhile, then the stock got whacked.>>

Reminds me of the semi-equipment companies not too long ago.

I think the Asian currency crisis and possible deflation could impact the offering. I am looking to establish a long position in PCYC, but I can wait awhile.

Peter
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