Cellegy Pharmaceuticals (CLGY) Message Board

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Biotech / Medical : Cellegy Pharmaceuticals (CLGY)

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To: Arthur Radley who wrote (254)	4/28/2002 12:26:45 PM
From: Sergio H	Read Replies (1) of 322

It's hard to believe that Friday's news had little or no early leakage. The stock price has held firmly within its trading range. Gruntal came out with a cheery forecast and the institutional money sat tight. Gruntal has done a quick update, downgrading the stock on Fri. I can't find it, but I understand there's new research from the other analysts as well. Key to how the stock performs in the short term is how the Tisch brothers react. If they've lost their faith in CLGY, this stock is in the toilet. I'm with you on holding on for now. CLGY has broken down to this level on two prior occassions and bounced back. For now, there's a nice overhead gap to fill.

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