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Biotech / Medical : Magainin Pharm (MAGN)
MAGN 8.890+2.2%Nov 7 9:30 AM EST

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To: kech who wrote (104)1/23/1998 10:18:00 AM
From: Shlepper  Read Replies (1) of 233
 
Tom,

I think that the merger should end up helping MAGN. Yesterday's drop was in concert with most of the market. Let's see what transpires today, as most of the biotechs are moving up.

I rechecked all of the analysts ratings and scoured around for news, and, there is none. I guess I'll start looking at the blocks that are being traded to see if it looks like any of the large holders are lightening their load.

Volume was up yesterday, but wasn't anything to be overly concerned with. I figured that the trading range before the final FDA approval would be between 6 and 15. Hopefully we're at the low end now.

I'm home with the stomach flu today, so will be monitoring some during the day. Need some good news to cheer me up!

Good Luck,

Shep
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