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Biotech / Medical : Regeneron Pharmaceuticals

REGN 741.45

-1.1%

Jan 30 9:30 AM EST

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To: cl who wrote (18)	1/2/1997 9:16:00 AM
From: Patrick Slevin	of 3560

No, I got out in the high 18 range... ...feels odd, this is the longest I've been out of this stock completely since 1992. But the technical action is terrible. A break of 14.87 would be the 400 day moving average. I am planning to buy if it can return to 17.87 An options analyst, Larry McMillan, last night said that REGN options have 'high implied volatility'. Whenever you see that, over a period of a few days (Tuesday was day one) a high-percentage move usually follows. Which way? Either way.

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