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Biotech / Medical : ICN Pharmaceuticals

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To: Clouseau who wrote (773)	3/17/1998 6:23:00 PM
From: Carl Wysocki	Read Replies (1) of 1029

The clients are either buying from folks happy to take their profits, or unhappy short sellers. My bet is on the former. It wasn't too long ago in a fit of frustration, I almost optioned off all my shares at $25 to scalp a few points premium. I finally reminded myself about the long term possibilities, never really expecting the long term to arrive so quickly. Somehow, this stock is becoming a wall street darling, so bad news gets shaken off. But you are right to be concerned about Yeltsin's health. While not widely known, ICN also distributes Vodka, and if Yeltsin goes, this will cut the bottom line at least a dime/share. Carl

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