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Biotech / Medical : CEPH
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To: Henry Niman who wrote (729)5/12/1998 11:36:00 PM
From: Brian Fukuba   of 998
 
Thanks Henry,
Actually tried to sell the May 15 calls for 2.5 at the spike to >16, but was a little too slow on the trigger. Got some May 17.5 covered calls at the close for 13/16 as a little hedge.

As an example, RZYM announced positive data relating to its novel anti-cancer compound ANGIOZYME(TM) on 5/5:
biz.yahoo.com
The stock ended down 1.5 the next day. I'm not an expert like you on biotech, but I would have thought the stock would have popped on that news. bwdik.

Suppose we'll have to wait tomorrow morning to see how the market reacts on CEPH (No champagne for me, thanks).

I also greatly appreciate your presence on SI, Henry. Off topic-do you have any opinion on GMED. A friend(research scientist) really likes their technology.

bri
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