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Biotech / Medical : Depotech(depo)
DEPO 7.300+1.7%Aug 14 5:00 PM EST
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To: ForYourEyesOnly who wrote (238)11/21/1997 9:41:00 AM
From: chirodoc  Read Replies (2) of 887
 
<<<<<<If this cancer drug is approved, I can't imagine that the BIG BOYS will settle for nibbling in 1000 share chunks

..........there is no question that you are right. that is why these things spike so wildly on approval. there may be some small selling on the 17th and 18th as the momentum guys get their 1-2 points. but the big pop will probably happen in the couple days after approval--quite a few analysts are watching.

.........they will see this as a lay-up--it will be profitable because there is already demand for the chemistry. and, as you have seen, the fact that there is no international exposure makes this one of the SAFER sectors--the street is bidding up pharmas, and watching bios carefully.

.......can you imagine biotech being safe? what a concept!
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