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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (13538)	3/22/2001 4:59:24 PM
From: Logain Ablar	Read Replies (1) of 30051

Well I just doubled up @ $12ish (from this am). I won't be in for long (probably in the am) since I had $14 area as solid support and once past 11 its all air to $6.5. With luck (and a good market) I'll close it in the am. They had poor results in two trials. The good news is in the 3rd trial enbrel had good results and they will file for approval later this year. Just adds market for this drug since they can't product anymore until 2nd / 3rd qtr next year. This was the trial I was waiting for, but didn't expect the other two to end early due to poor results. Looks like somebody had the news this am with the share dumping on the open.

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