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Biotech / Medical : Biotech Derivatives

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To: Mike McFarland who wrote (106)	4/20/1999 6:45:00 AM
From: LLCF	Read Replies (2) of 555

< ONXX shot up from around $6 to $12 very briefly last week...and has since declined to about $7 1/4.> Again... people like to "think" they see patterns, or like to compare situations to make sense of something new... I believe everyone thinks that these news events are automatically meant to be sold because ENMD's was a "sale", and so obvious now. "Just like ENMD" I've heard traders on the CBOE say. Weather there is organized shorting going on I wouldn't know... pitty the fool who does that in the long run. There are no derivatives or convertibles that I know of that could have smashed the stock back down. Personally I think the ONXX thing is crazy because 1.) It's such a good well run company in the long run. 2.) This thing is PH2 already, will I guess be in PH3 next year?? Thats coming up! I've been buying below $8. DAK

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