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Biotech / Medical : Centocor ( CNTO )
CNTO 0.000010000.0%Mar 7 3:00 PM EST

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To: organ who wrote (61)3/20/1997 10:19:00 AM
From: FNS   of 965
 
Organ, short if the stock breaks 27 - not here! Good support at 28; stock should begin to turn around....Merck's drug announcement on 3/17 certainly did damage, but Reopro will do well...1st on block!

Good support at 28 level; however, if the stock does break down then the chart is telling a more negative story than we really know!!!

Incidentally, I talked to Mr. Wilson of Investor Relations yesterday after the close. Not much specifics, but now feel confident that both both MRK and CNTO drugs will do well...I understand that both are infusion currently...

Also, quarterly earnings are expected to be released week of April 21.

I'm a buyer here...good luck, all!
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