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Biotech / Medical : CEPH
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To: terrapin who wrote (264)5/12/1997 1:40:00 PM
From: The Dermatologist   of 998
 
what is happening to ceph is common when the fda rejects a drug:

First 24 hrs
1) price drops 30-50%
2) shorts cover, price may spike a bit
Next 24 hrs
1) company promises to continue developement of drug,
2)price stabilizes.
Next several weeks
1) price deteriorates.

There are many investors who are snapping up CEPH now because they think they're getting it at a cheap price. One thing I have learned, just when you think the price can't go any lower, it does.

I'm going to feast on this piece of dead meat.
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