American Pharmaceutical(APPX) Message Board

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Biotech / Medical : American Pharmaceutical(APPX)

APPX 36.58

+5.6%

Oct 31 9:30 AM EST

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To: Jon Khymn who wrote (4)	11/10/2004 11:31:55 AM
From: AJ Berger	Read Replies (1) of 22

I think this Squeeze is played out for now. I took a long position around recent earnings at $24, and now that were over $30 and the CIBC conf is played out, I'm ready to take profits here. Many will hold dreaming that in January the FDA will approve Abraxane, but I think it will be delayed a bit, and any delay will shake longs resolution enough for a terrific pullback back down to the mid twenties for a time. Besides, I don't like having any big positions between Thanksgiving through New Years... it's too distracting from the enjoying the Holiday season. Hoe Hoe Hoe

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