Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Terry Maloney who wrote (162971)	4/30/2002 9:23:35 AM
From: reaper	Read Replies (1) of 436258

<<reaper, ICOS got their approvable letter this morning>> Well, not exactly. The reports that I am reading show that the launch date has been delayed maybe 6-ish months and there is additional information requested. I frankly don't see that in the press release but I haven't read it closely and the stock is down. Stock looks to be down 35% right now; that to me looks like an over-reaction to this news but given how weak the biotechs have been recently you can understand how people shoot first and ask later. I will be covering/selling puts at the open and will probably buy some at $26 (if it stays there) to see if I can get a scalp on the long side. Another good day. Message 17192624 Cheers

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