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Biotech / Medical : Biogen
BIIB 182.09+0.1%Nov 28 9:30 AM EST
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To: literaryfx who wrote (602)2/6/1998 1:28:00 AM
From: Stanley Cowen  Read Replies (1) of 1686
 
Doubtful that Science News article was the trigger to Wednesday's late selloff. The inference that uric acid is a competing medication is a real stretch. Since there was no news and the selloff was timed at the end of the very the trading day, IMHO it looks like simple profit taking or shorting by some institutions. After the very positive conference call this past quarter, the long term looks very good. But there are guaranteed to be bumps along the way.
Stan
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