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Biotech / Medical : Cell Genesys (CEGE)
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To: Sten Frelles who wrote (771)3/14/2000 4:37:00 PM
From: Timoteo  Read Replies (1) of 1298
 
Sten,

I think CEGE got swept down with HGSI and the other gene mapping stocks after the Clinton-Blair news announcement. The street always overreacts to any news good or bad and the negative sentiment was enough of a push to send it down. I think the stock could go as low as 23, but I think we're more likely to see 35 first. Stocks like this can turn on a dime so I just try not to worry. A good example is to look at the chart of KANA. Lots of broken hearted sellers. I actually bought back some calls I sold and bought some April 35s outright. CEGE is my biggest position but I'm not sweating yet.

Best,

Timoteo
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