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Biotech / Medical : CuraGen (CRGN)

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To: Frank Perlmutter who wrote (23)	4/23/1998 10:02:00 PM
From: fut_trade	Read Replies (1) of 478

My guess is that what happened today is similar to what happened a week ago when Lehman Brothers initiated coverage of this stock with a venture outperform rating. The stock was moving upward near 12 1/2, and about ten minutes after Lehman brothers initiated coverage, the stock moved down very rapidly. I don't believe the ask ever dropped below 10 1/2 today, so I didn't bother to increase my position. After the stock dropped, it moved back up on good volume. As far as I know, the fundamentals of the stock are better since the IPO, and I'm not aware of any reason why someone should sell their position. As noted a couple of posts back, several insiders bought stock during the IPO. quote.yahoo.com

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