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Biotech / Medical : Guidant (GDT)
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To: B4TheBell who wrote (60)12/3/1997 12:11:00 AM
From: JMS  Read Replies (1) of 235
 
Institutional interest is about 86%, so if Fidelity wants to buy, they'll have to pay for it in some kind of premium. Sounds good to me.

Despite today's mini-downturn, there was an abnormally large volume in the dec. 70's today. I noticed that there has been very high volume in the short term out of the money calls the last couple of weeks. That tells me we're not finished with the current run. Some players like the stock in the short term and are making some serious cash out of that play.

Unfortunately the rest of my portfolio sucks. GDT seems to ease the pain.(a little)
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