CEPH Message Board - Msg: 1368270

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Biotech / Medical : CEPH

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To: IN_GOD_I_TRUST who wrote (195)	5/8/1997 10:57:00 PM
From: Rohit Nanavati	of 998

Steve, Knowing the market and since CEPH got rejected second time, my guess is it may open at around 10. The reason? lots of people were bullish. Lots of calls were traded v/s puts. we shall see what we must see. Majority of the time FDA always are in favour of big company such as BMY,MRK, JNJ, LLY etc I have benn following Biotech stocks now for almost 10 yrs and my experience says when ever any company go for FDA approval, buy calls and puts. never buy calls only or puts only. The bottom line is no matter what happens, you come out winner (if you have bought calls and put both) Rohit

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