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Biotech / Medical : ChiRex (CHRX)
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To: Dushi who wrote (121)12/6/1999 2:10:00 PM
From: Biomaven   of 130
 
Is this not a little bit overreaction, -21 $?

I think so, and so I initiated a position this morning at around $11 1/2.

I've generally had good luck buying sound companies after crashes caused by short-term issues. (Take a look at NEON for a comparable example). However, here there will likely be some tax-selling to add to the pressure between now and year-end.

If you are prepared to take a 6 month to a year view, I think a purchase at these levels will serve you well.

Peter
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