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Biotech / Medical : Sugen (SUGN)

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To: LLCF who wrote (368)4/5/1999 10:52:00 AM
From: Mike K  Read Replies (1) of 550
 
David; I like and own both. I have a small position in CELG stock
and have sold 50 put contracts at various prices and expiry dates. I have a somewhat larger position in SUGN and have also sold May 17 1/2
puts.

Looking at selling more SUGN puts today. With all the hype of the last
week, premiums are much more attractive.

BTW, I am a multiple myeloma patient, who looking at both companies
very closely. My illness is very early stage and I am currently enrolled in a phase 1 gene therapy trial. Thalidomide is a drug that
I will definitely consider down the road. SUGN is also conducting a
phase 1 trial of SU5416 which includes multiple myeloma patients at Royal Marsden Hospital in London and the Arizona Cancer Center.

Cheers,

Mike
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