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Biotech / Medical : Incyte (INCY)

INCY 105.55

-0.7%

3:59 PM EST

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To: Cytokine1 who wrote (559)	1/13/1998 11:23:00 PM
From: James Hutton	Read Replies (1) of 3202

Yeah, I saw that. Only problem is that I sold last week for a small profit. I know - buy and hold. But that guy wasn't on margin with the market collapsing. Actually, my bigger conern was a Lehman report posted over on the AFFX board. It seemed to show that 99 earnings are only projected to be .92. I think Zacks has something a little higher for 99. In a falling market, on margin, it's tough to hold a stock that is trading at well over 50x 98 earnings and over 40x 99 earnings with a 5-year projected growth rate of not much more. If I was really gutsy I would have bought back in yesterday, but I have a day job, and I'm not a very good trader. I will still keep up on this stock, because I really like the company. I think (hope we'll see the low-mid 30s again, but not soon (given today's earnings). Jon

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