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Biotech / Medical : HEB, Hemispherx Biopharma (AMEX)NEW

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To: Linda Kaplan who wrote (138)12/21/1997 8:23:00 PM
From: MarcG  Read Replies (1) of 857
 
Big blue chips sure have been the way to invest in the mid to late 90's. BMY was very doggy for 2 years, '92 & '93. The stock split this year, 2 for 1, at about $140 ( now equivalent to $70). I agree that if your strategy is "buy and hold, hold, and hold", you've got to stick with the quality names. BTW, we sold a very small percentage of our long-term BMY position recently in the mid 90's.

"Judging from past behavior", I wouldn't say HEB is so low. This is the time of year to trim the tree and write off
dead wood, so I agree, you should sell whatever you consider "low" and without
much potential for price appreciation next year. HEB is 242% above its 52 week low of 1 3/4 and 30% off its high of 5 1/2. I think a trading range is developing now that will last until there is specific news.
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