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To: John Pitera who wrote (54052)7/30/1999 8:02:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 86076
 
John, btw, they asked Joe Battapaglia in April on CNBC if he had to pick a single stock that he would buy right away which one would it be? his answer: MRK. hopefully not too many people followed this advice. the drugs have peaked almost concurrently with the nutz and the only explanation i can come up with are interest rates. the drugs are almost back to their october lows, they may well become a target for 'scared' money to flow into if the market declines further, a la utilities.

hb