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Biotech / Medical : Centocor ( CNTO )
CNTO 0.000010000.0%Mar 7 3:00 PM EST

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To: PawPr who wrote (708)6/2/1998 11:55:00 AM
From: FNS  Read Replies (1) of 965
 
Stock continues to go south , but on low volume today...Eric Hecht may be right on in reiterating "buy". Stock is at good support in here based on yearly weekly closing basis... If 36 doesn't hold then it could even see 33-34 area. Unfortunate that so many are so disenchanted in holding the stock post any type of good news cause I think the stock will prove much higher next 12 months - maybe not 70 but high 50's is realistic. Perhaps this is a great time to buy with the NASDQ getting crushed and weak hands fleeing!~

Offtopic: Bruce, re: <<You might be interested to know the SEG's CEO is on record as saying that he believes the worst of the current slump is behind them.>> Ya, and that's what COMS CEO said about inventory glut! But it doesn't really matter; street perception is key and things will turn when the 'street' wants it to turn!!! Still like the oil drillers if you can stand the pain for a while longer...and will be interesting to see where ATHM is a year from now! And WCOM will surly bust out as merger becomes reality! Still in CYPB...any thoughts on FDA approval timeframe for prosorba and avakine?

Will be doing Italy 5 weeks in July-August so may be out of touch for a while!

ciao,

FNS
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