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Biotech / Medical : Cell Pathways (CLPA) -- Ignore unavailable to you. Want to Upgrade?

To: StockMiser who wrote (314)	10/29/1999 11:41:00 AM
From: tuck	Respond to of 566

SM, I said a while ago that we were all playing russian roulette with all chambers loaded in the FDA revolver. Which is why I am partly hedged. Obviously, I think the odds favor the longs based on the data. Shorts apparently think one screw up means the whole thing is worthless. A reasonable knee-jerk response, since following the herd works for a while. But if they continue to hold that belief in the face of mounting evidence that this time, it'll come out right, well, they'll get what they deserve. And we'll see what that is in a few months, if not a few weeks. I haven't seen the upgrade hit the wires yet, which explains this morning's anemic performance. Cheers, Tuck