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Biotech / Medical : Teva Pharmaceuticals

TEVA 32.36

-0.9%

3:59 PM EST

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To: Doug who wrote (182)	5/3/1998 10:10:00 AM
From: JR2	Read Replies (1) of 340

The drug group in general is making the "nifty fifty" group seem like a bargain. PFE, MRK, WLA, OVERBOUGHT/OVERHYPED big time. These are great companies but look at their charts. The guy who downgraded PFE the other day is not just talking about PFE he's alerting the investment world that gravity still rules the scientific and INVESTMENT world. As for Teviy, it may fall victim to the impending sell-off in all of these stocks. Teviy looked real cheap in the high 30's. But remember what drove it down , negative surprise in earnings and a sudden mistrust for management. This is a great company and HAS brilliant people behind it. It will be worth buying again when it pulls back under 40, which unfortunately, is where it's headed IMHO. If their is a way to buy puts on a drug index it might be worthwhile over the short-run. regards, jase

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