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Biotech / Medical : Incyte (INCY)
INCY 105.40-2.6%Nov 13 3:59 PM EST

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To: bob s who wrote (1053)6/14/1999 2:43:00 PM
From: LLCF  Read Replies (1) of 3202
 
<Michael Murphy is recommending selling INCY due to the clouds over the next year or so. >

He was pounding the table [buy] when it dipped below his "buy level" a while back [think it was mid-20's]. His negative points are:

- doesn't see big pharma paying higher prices for the service [revenue growth]
- temporarily saturated their customer base with no substantial sales increment in sight.
- doesn't see Big Pharma paying up for their expanding amount of data.
- Wall street hasn't forgiven INCY for last years decision to invest in the future.
- unhappy with the departure of CFO Dinise Gilbert.

Says he may be more positive in a few months when it's trading in the low teens.

DAK
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