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Biotech / Medical : Celgene-CELG

CELG 108.24

0.0%

Nov 22 4:00 PM EST

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To: Vector1 who wrote (480)	1/4/2001 10:25:56 PM
From: Scott H. Davis	Read Replies (1) of 804

Stock is now seriously oversold. Lost about 2/3 of value in a short period on no adverse news. siliconinvestor.com Short interest is up & I expect the Jan 15 amount to be significantly higher. Tax loss selling is over and I would have expected some re-acquisition in January, especially with the Fed announcement bring more confidence back into the market. Lots of insider sales last year, but based on when they filed, I doubt they are selling at these prices. Is this hedge fund shorting combined with margin calls, or is there something nasty yet unannounced? As they will be profitable this year with a growing pipeline and T indications, this seams to be a significant buying op. What am I missing? Thoughts? Scott

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