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Strategies & Market Trends : Tech Stock Options

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To: Michael Rich who wrote (28740)11/18/1997 3:23:00 PM
From: j g cordes  Read Replies (1) of 58727
 
Michael, CHIR is dropping, drooping.. whatever, its falling towards its long term support trend. There's an interesting blurb which supports my optimism for a nice trade here (or lower.. even to 16?) from M Murphy... though he's had his head handed to him more than once. Anyway I've quoted it below if you have anything to add from your resources.

"To: Celeryroot (945 )
From: G-MAN
Saturday, Nov 15 1997 1:39PM EST
Reply #946 of 947

To All:

Michael Murphy, editor of the California Technology Stock Letter, seems to think that
Cephalon and Chiron will get approval for Myotrophin by year end or early 1998. He
thinks that Wall Street is discounting the shares of Chiron for the simple reason that the
drug will be ultimately denied approval. It will be interesting to see what happens to the
shares if the drug is approved. (Maybe an investment in Cephalon calls with a Feb to
April expiration date may be an interesting gamble.)

I'm sure that most everyone here either gets the CTSL or the Medical Technology Stock
Letter. Both Murphy and McCamant are table thumpers regarding Chiron for the long
term. Regarding the short term, one has to just wait it out."
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