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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist

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To: Jerry Olson who wrote (4687)	12/29/2001 8:39:34 PM
From: 2MAR$	Read Replies (2) of 5893

IMCL gets told by FDA to take a chill pill , delays their cancer drug Erbitux application till at least the third Qtr of 2002 ,,while the review clinical data ... Biotech hopes always want to rebound and continue to grow but leave less room for failure or postponement...and just as the little Santa rally starts them off IMCL gets chopped . Still a bit early for any tremendous break-thrus which looks like more into 2003-05 before they bring focussed new drugs into the pipeline that are really significant. According to Thomas Metcalfe , senior vice-pres at La Roche: ""We believe that the medical benefits of genomics are going to be felt in diagnostics some considerable time before they are felt in therapeutics......The consensus view is that genomics applications in diagnostics will be worth at least $3 billion to $5 billion sometime before 2010." forbes.com AFFX's marketcap is 1/2 of that right now <g> Really exciting stuff, but for now I want AFFX to develope some complications and do another MNLM for me and pullback significantly ...was following a feeling friday , wished I'd picked on IMCL though . Market giveth and taketh away... Pressure on the BTK for monday ...

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