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Biotech / Medical : Duramed (DRMD) Synthetic Estrogen Product

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To: Doug Bean who wrote (819)11/6/1998 10:44:00 AM
From: Benchman  Read Replies (1) of 1837
 
Now 5 1/2! I'm smilin, I'm smilin!! :-)

Vestor, it's hard to say for me whether this is due to earnings or some kind of FDA approval. They have more than just Cenestin in the pipeline. So it could be approval of some other drug. If this had started next week, and not last week, I would say it was earnings for sure, but, this activity started on Wednesday or Thursday of last week. We had our first hint with the increase in volume with no price movement. That seems to be too long a span for a pre-earnings run-up. I think I'll just have to wait and see. If it is earnings, we should have a nice run all the way up till the 16th though :-)

Rob.
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