Centocor ( CNTO ) Message Board

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Biotech / Medical : Centocor ( CNTO )

CNTO 0.00001000

0.0%

Mar 7 3:00 PM EST

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To: PawPr who wrote (695)	5/29/1998 12:28:00 PM
From: Mark Oliver	Read Replies (1) of 965

This has been a strange session. I'm one of those momentum people who bought on news and have been sucked in totally. I heard the story on CNBC Weds and bought 1000 shares. At the time I put my order in, it was asking 39 3/4. I was filled 10 minutes laterat 42 7/8's. Needless to say, I was screwed from the start. Seems like there are some serious sharks eating up the little guys here. Big talk about a great open. High trades on instanet, etc and then this total route. Seems like at least a million shares traded Weds. at 42 7/8. Then you've got all the buys today as the stock has trended down. Now, it seems to me that a lot of you probably are getting stopped out and others threw in the towel, but I wonder if this will prove a good rise on the end of the day? Are we over sold on the day, or are there just no buyers because the story just isn't strong enough to bring new buyers? Amazing number of shares trading for a stock to go down. What are your takes on the way this company trades? Is this typical? Are the MM taking everyone for a ride? Regards, Mark PS I also bought because in the past, a friend who is a VP of another biotech told me Centocor was a company to watch.

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