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Biotech / Medical : Biotech & Pharma.T.A,

BIB 77.21

-1.5%

Dec 18 4:00 PM EST

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To: Jibacoa who wrote (2370)	9/15/2008 11:11:58 AM
From: Jibacoa	Read Replies (1) of 3722

O.T. again The DOW is still holding above the 11000 support level & still > 300 poits above the Jul 15 L of 10731 <g> bigcharts.marketwatch.com The BAC-MER deal has BAC down $5 to $28.60 although Ken says it was an opportunity of a lifetime, much better than all his previous acquisitions.<g> bigcharts.marketwatch.com MER's loss for this Yr. was expected again to be >$10 but now is holding above $20 <g> With LEH, AIG, WM,WB & others now in the limelight will see if the S&P can hold the 1200 level & the NAZ stay above the 2200, which is still above its March 17 L of 2155 AIG traded this morning at $5.82 around 0.35xBV in spite of its supposed CF around $9.60 <g> bigcharts.marketwatch.com AIG loss for this Yr. was expected around $0.50 but the 'recovery' in 2009 was expected to be only around $4, which is less than the $5.88 it earned in 2006 <g> At any rate, as I said before, it seems that at the present time is still better to'put your trust in God, and keep your powder dry' As I was writing I see the market is trying to rally some, maybe with the help of the President's report on the economy.<g> Bernard

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