silnv et al: CNTO is its worse enemy...just can't take good news!!!
As demonstrated time and time again, any positive news resulting in 3-6 pts up is immediately followed by a selloff!!! why I don' know...
Personally, The JNJ buyout rumor is JUST THAT,,,plain ole rumor...CNTO should be moving up on its own merits/value -- 2 downgrades in a few days is ridiculous,,,ML and now ??? but I don't take stock in either...
CNTO now back to 46 breakout...hopefully it'll consolidate and move higher, takeover rumor or not! I certainly for one think that any buyout less than 60 is unacceptable!!!
If JNJ wants to play, it had ought to pay! I vote 'no' unless JNJ pays 60+! With effective cardio drugs, REMICADE for Crohn's and potential RA approval, CNTO should be demanding much higher -- look where IMNX is...Perhaps CNTO management needs to start blowing their own horn!!! analysts not helping!!! COMMENTS?
FNS
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