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Biotech / Medical : Biotech Short Candidates

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To: nigel bates who wrote (682)6/9/2004 2:58:19 PM
From: tuck   of 897
 
BSCP closes it AFFX short for a modest gain (again, nothing like the gain it would have had had it done so the day after opening it). Believes momentum for new system sales will build, and that the diagnostic collaboration with Roche will eventually launch and be successful, though the FDA is doing a great job of slowing it down. We're coming into earnings season soon, and it could surprise, IMO.

Closing at $27.35 for a gain of $744 or ~3.5%.

Oncology stocks, OTOH, seem to be in a solid downtrend, so positions such as OXGN and GERN will be held for a while longer.

Cheers, Tuck
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