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Biotech / Medical : Collagen Corp.
CGEN 1.730-2.3%9:30 AM EST
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To: starpopper who wrote ()4/5/1997 7:14:00 PM
From: Jonathan Rothschild   of 72
 
Interesting action on Friday. The big block overhanging the stock for the past 2 weeks finally traded out between 17 1/2 and 18. I bought some calls early in the day. I expect a loss this quarter which is actually good tax-wise for the company. I don't think they sold and Target stock since the takeover announcement. The big move will occur, in my opinion, this summer, when we finally see their business plan for dividing up the company.
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