Biotech Stock Picking for Charity - 2004 Message Board

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Biotech / Medical : Biotech Stock Picking for Charity - 2004

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To: zeta1961 who wrote (221)	5/19/2004 11:55:08 AM
From: Jibacoa	of 346

Bernard...you were also probably kidding about INGN being the top pick in yest. WSJ...double shame!:):) Zeta: Sorry for misunderstanding. However the pick of INGN by Phillip Nadeau of SG Cowen with a 223% gain, was the #1 pick in Biotechnology category last year, as listed on the WSJ page R1 on Monday May 17. In spite of his "target" of $20 for the stock, he made a "sell" recommendation and took profits on time. (Something that Michael doesn't allow with his rules.<g>) In spite of the fact that INGN has been rather prolific with "news" lately, the stock needs to close above 8.30 in order to get off of its present downtrend.(The fact that they still need another round of "new financing" seems to be a big factor putting pressure on the stock price.) I took profits on INGN and am looking to see if I could buy some back again around $5 if the market cooperates.The stock is not participating in today's rally. RAGL Bernard

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