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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (49795)4/10/2002 11:07:21 PM
From: fletchb  Read Replies (1) of 99280
 
Zeev,

I know this sector is weak but MRK is getting into your range here. Have you change-lowered your price target on this one?

Thanks,
Fletch

bigcharts.marketwatch.com

Merck falls again, now at 25-mo. low (MRK) By Tomi Kilgore
Shares of Merck (MRK) are shedding 61 cents to $52.98, a level it hasn't seen since early-March 2000. The stock is now down 18 percent since the March 13 close. The Dow industrials ($INDU) is threatening to close in negative territory for the seventh consecutive session; it has hit a 52-week low in each of the last 5 sessions. On March 15, Merck's shares fell $3.69, or 5.8 percent, to $59.75 after the drug giant said it would withdraw, and then refile, its application to market an arthritis drug, Arcoxia.
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