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Biotech / Medical : Biotech for less than a buck.

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To: chirodoc who wrote (550)	5/13/2000 4:40:00 PM
From: RWReeves	Read Replies (1) of 743

<reeves, do you like CIST?> Like Stefaan said, for the CLL. I like CLL quite a lot and even ponied up some bucks to buy it when it was 50 so buying it for 30's (current price) seems like a better deal. Fabulous moderate-risk pipeline and IP IMO. Buying it via the CIST discount is even better: Message 13371076 Before the deal MM asked me what I thought of CIST and I think I said something like it looked like it had nice IP but no cash and hence crater-bait. As long as the deal goes through, I'm in. Peter warned me about do it yourself arbitrage (CEGE valuation) but do I listen? Current valuation discounts the deal with CLL, but volume has been pretty low. I've heard nothing to suggest the deal is off, but I haven't got my shiny new CLL shares either yet. RWR

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