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Biotech / Medical : AXYS Pharmaceuticals Inc. -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (299)	7/2/1999 12:06:00 PM
From: David Bogdanoff	Read Replies (1) \| Respond to of 455

DAK; <<I wouldn't wade in just because it's coming out of the index.>> Right. Being dropped from an index is a negative sign and would not be a reason by itself for buying a stock. Like the AXYS case, you would want to own the stock on its own merits. However, I believe that entering an index(esp. the S&P 500) is practically a sure 5% on your money if you get in early enough. Actually, you have to have a short list of such stocks and watch them like a day-trader and move before the news is on the wires. I suspect that this strategy has been thought of already by the modern Baruch's of the investment world and one would be competing with them. David