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Biotech / Medical : CuraGen (CRGN)
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To: Terp who wrote (51)11/18/1998 8:48:00 PM
From: ahhaha  Read Replies (1) of 478
 
I've read it carefully. It doesn't say squat. It certainly is no reason to go long and you don't know why the stock was active today. To claim that this news item was the reason is a possible error of association and causality. There may be a reason to buy CRGN, but it isn't in this news release or it may be one of many reasons that in coming years these shares advance. That has little to do with current price action.

I must add that vapid news release isn't a reason to hold short. The right action is to do nothing and wait for the stock to settle back down. If it will do that in so many weeks maybe you'll take a small long position and see what develops. If it rises, then you can add to your position assuming you have done the DD to give you the conviction to hold. If the stock just advances, I can't make any coherent suggestions about what to do.
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