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Biotech / Medical : Centocor ( CNTO )
CNTO 0.000010000.0%Nov 21 9:30 AM EST
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To: FNS who wrote (123)6/10/1997 9:46:00 PM
From: Thean   of 965
 
CNTO makes me nervous at this juncture. The good news is we did close above the $34 support today and it made a comeback all the way from 32's. That means a lot of weak hands have been flushed out. But where is it going from here? Other biotechs such as Biogen and Amgen are not behaving positively either. They are still at the bottom of their Stochastics. I have not sold yet but was getting ready to dump CNTO the last half hour in case it fell below $34. Will see how CNTO acts tomorrow.
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