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Biotech / Medical : CEPH
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To: Stephanie Mocilan who wrote ()2/24/1997 9:27:00 PM
From: harkenman   of 998
 
Update CEPH Closed today $23 3/4 down 1 3/8 feb 24

Insider trading reported 2/21/97 Vickers

Michael Murray, VP sold 100% of holding 1/17/97
Monroe Klein, VP sold 100% of holding 1/06/97

They both sold 100% of holdings in Nov 22 and Oct 21, 1996, respectively.

It looks like they really dont beleive in the long term potential; of this stock.

Cover price objective $18 even though the technical support price $20
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