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Biotech / Medical : Centocor ( CNTO )
CNTO 0.000010000.0%Feb 6 9:30 AM EST
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To: FNS who wrote (541)2/2/1998 1:09:00 PM
From: PawPr  Read Replies (1) of 965
 
I think you're a lot more bullish than I am. I took advantage of the pop this AM to short the March CNTO $45 calls @ 1 3/8 to hedge my long position in the stock. I think the Asian markets and the second tier tech stocks like the DD makers are just making a dead cat bounce and will head lower again in March-April. I agree with you on the drillers; I think they're heading back up. And for the record, the gold stocks have begun a long bottoming process and will have a big rally before the year is out.
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