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Biotech / Medical : Oscient Pharmaceuticals Corp. (OSCI)
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To: Tara Cobble who wrote (75)9/17/1996 1:23:00 AM
From: Peter Shaw   of 1154
 
Tara,
As the news keeps looking better to me, I keep purchasing more. I did buy more last week at 10 1/8, and since GENE trades in jerky movements throughout the day, you never know when it will pop or sag. Averaging into the position on the way up appears to be a smart way to trade this stock, considering the consensus on it's future. Biotech's will have strong relative strength this Fall as the conferences keep coming. With GENE looking good technically, the momentum players will start stepping in. Their our best friends as long as we are on the right side of their trades, and for the near term that will be the buy side. I'm expecting a down day for the market tommorrow, we'll see if GENE is affected.

Cheers,

Peter
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