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Biotech / Medical : CollaGenex (CGPI) FDA PENDING
CGPI 0.00010000.0%Jul 21 5:00 PM EST
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To: BRIAN P. BIRNER who wrote (15)9/29/1997 10:40:00 PM
From: Tom D   of 142
 
No news. I think my dad and I started an avalanche.

I sold 8000 shares last week at prices falling from 11 3/8 down to 10 7/8. My father also had 8000 shares and sold at my instruction. The asking price kept falling towards the end of last week. This past weekend the chart looked ugly. I think we just fell through some support levels today. We were trying to get out without toppling the price.

This is a $20 stock upon FDA approval. Imho, this is the only hurdle.

Good luck,

Tom D
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