Incyte (INCY) Message Board

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Biotech / Medical : Incyte (INCY)

INCY 103.61

+0.9%

9:33 AM EST

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To: chirodoc who wrote (484)	10/5/1997 11:48:00 AM
From: Cytokine1	of 3202

>>APPEARS overvalued<<..........cdoc, it's funny how quality stocks often seem way overvalued, yet continue to go up. I made several INCY buys everywhere from 44 to 66 (avg about 53), and each time I wondered, "should I be shorting instead?" But as V1 pointed out, we buy on expectations. And we are betting "The Biotech Century" will arrive in our lifetimes. { ;> Cheap at $90? I think INCY needs to consolidate the recent gains, but I'm holding and hoping for a stock split. Keep in mind that, earlier this year, INCY corrected from 74 to 42 before resuming its upward trek. C1

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