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Biotech / Medical : ARIAD Pharmaceuticals
ARIA 23.990.0%Feb 17 4:00 PM EST
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To: r. peter Dale who wrote (52)3/6/1997 5:14:00 PM
From: Rudy Saucillo   of 4474
 
No, this is certainly not a red flag. From the way the day chart looks, someone probably decided to take profits on a security that was rallying in a weak market. The HMRI joint venture and the Incyte license are wonderful for Ariad and the stock price should continue to reflect that over time. I agree with your last thought - the warrants are currently oversold and, IMO, represent a great buying opportunity. I've got my order placed for tomorrow's opening! Cheers! Rudy
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