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Strategies & Market Trends : The Amateur Traders Corner

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To: Bocor who wrote (18019)	1/7/2002 8:05:25 AM
From: Tom Hua	Read Replies (2) of 19633

07:59 ET Imclone Sys (IMCL) 43.49: Trading down another 9% in pre-market after JP Morgan downgrades to MKT PERFORM from Buy. Firm believes details disclosed Friday in The Cancer Letter article suggest additional deficiencies in ImClone's BLA beyond those already disclosed by the co in its 12/31 conference call. Firm now believes that IMCL/BMY are unlikely to re-file the original BLA in 1H/02, as previously forecast, and will likely wait until additional clinical data can be added to the application, probably in late 2002.

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