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Biotech / Medical : Regeneron Pharmaceuticals
REGN 752.70+1.4%10:12 AM EST
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To: cl who wrote (8)12/18/1996 9:07:00 AM
From: Patrick Slevin   of 3560
 
Funny you should say that.

I've done that since 1992. It has banged off the 20's ever since the IPO. I usually get in a thousand shares at 2 or 3 points on the way down, and then sell all but a thousand on the way back to the high teens/low 20's.

REGN always sells off on good news. It's gotta be a leak. I still think if it gets past the low 20's it goes. But I'm not adding on right now. Everyone says the biotechs are ready to go. makes me nervous.
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