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Biotech / Medical : AMLN (DIABETES DRUGS)

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To: tonyt who wrote (1225)3/3/1998 11:54:00 AM
From: Harry Ehrlich  Read Replies (1) of 2173
 
Back to the stock: I'm no expert, but it seems that we are holding well. The buyers are stepping up and the price seems to be holding at 2 3/4. This is better than half of yesterday's volume. Many were expecting worse, although the day's not over yet.

Had we traded down to 1 or so, I would have felt that the stock was totally destroyed. But the price of 2 3/4 seems to indicate that this company has possibilities. One item that is a certainty is a lock on type I for pramlintide (I would appreciate input on this).

Also, nothing of substance has happened. There was a wider loss, but that indicated a commitment to research. Everyone is trading on news.

Selling on the news might be a mistake. I am inclined to remain long, but would appreciate input.

-Harry
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