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Strategies & Market Trends : Shorts waiting to happen

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To: dppl who wrote (333)	7/24/1996 12:28:00 PM
From: Peter Shaw	of 852

ONCS : Oncogene is a small biotech company which ran from 3 1/2 to 12 in the last year. Raised $28 million on a secondary offering at about $9.25 . Presently in a major downtrend, and broke it's 200 day avg. recently. I started a string in the biotech section, but am wondering what you veteran Bears think of this one! It won't turn a profit until 1998 at the closest. Thanx for the input... Cheers, Peter Shaw

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