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Technology Stocks : Stock Swap

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To: Galirayo who wrote (11820)	2/11/1998 9:48:00 AM
From: Patrick Slevin	Read Replies (3) of 17305

REGN The scary thing about that stock is that it is so news-driven. Dillon-Read gets behind that stock a lot. Or at least they used to. About 4 or 5 years ago the stock ranged from 13 to 20. Then there was a botched FDA trial which dropped the stock from ~20 to ~13. Then more bad news on a subsequent trial and eventually down to less than 5. Then the former Merck chairman stepped in as REGN chairman and immediately it was at 7, eventually going to the ~13 to ~20 range and while at ~20 then a botched FDA ruling and thwack....back to 13. Now in the $7 range again. How often can history repeat here? Watching this thing makes me feel as if I have a picture in the attic in which the subject is getting older.

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