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Biotech / Medical : wla(warner lambert)

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To: Ibexx who wrote (697)4/7/1999 10:03:00 PM
From: Brian Malloy  Read Replies (1) of 942
 
Yes, I hold MRK which I list alas as a favorite on me profile. I don't attempt to talk stocks down but people don't seem to understand that Rezulin will probably be under pressure. There is no way to get around doing blood tests at this point - it is a weakness that their competitors will capitalize on.

Yes, I did recommend VVUS in the 20's and closed out most of my position with VVUS in the $40-42 range selling into strength. The overall trade was a win even though my MAR98 options expired worthless. However, I like making money so I rode PFE from the $80 level to $120's with options on the wings of the VIAGRA magic.

Overall, ED gave my portfolio a nice rise last year ;-)

Here's looking to the entire Drug market getting hammered so that I can pick up more MERCK and ride the VIOXX wave in late May - July time frame.

Regards,
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