Centocor ( CNTO ) Message Board

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Biotech / Medical : Centocor ( CNTO )

CNTO 0.00001000

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Mar 7 3:00 PM EST

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To: Howard Croy who wrote (58)	3/18/1997 9:50:00 PM
From: FNS	of 965

Howard, I suspect the bio-techs will open higher tomorrow morning!!! Whether the sell-off is over or not is unpredictable...the bio-techs have been slaughtered by heavy selling into the "good" news, i.e.; first, with FDA's approval of AGPH's new drug, and then taking down BGEN and CNTO, along with AGPH! Picked up a 1000 shares at 35 5/8 last week hoping that the lower uptrend line would hold -- it didn't...but now I think the stock has a good chance to recover: 1. Monthly chart looks positive...shows ascending bottoms. 2. NASDAQ and Bio-techs approaching oversold conditions. 3. CNBC "BULL Session" sponsored both Merk and Centocor representatives to talk about their respective drugs to combat clotting in angina,etc. Merk's drug has not yet been submitted for FDA approval but ReaPro application was submitted 2/18/97 with FDA approval expectation in 3Q97 according to Centocor. Session was positive for both companies, in my opinion. Next support appears at 27-28; 20-21 if a major blowoff. Personally, I believe in Centocor and will buy more to add as a core holding. Reapro has added up 3 years of data and hopefully will be a winner along with others... good luck to all! FNS

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