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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: MrGreenJeans who wrote (12065)2/22/2000 11:50:00 PM
From: Lars  Respond to of 15132
 
MrGreenJeans,

>>>
My Centocor Experience
>>>
Great post.



To: MrGreenJeans who wrote (12065)2/23/2000 1:01:00 AM
From: marc ultra  Read Replies (1) | Respond to of 15132
 
MrGreenJeans. Thanks and keep in mind I was mentioning I got crushed by a blow up in ISIP toward the end of last year so am well aware of the pitfalls in biotech. As I have been very cautious and have argued with those suggesting an overweighted position in the stock, some even with all their money in it. I no longer do that, not because I'm tired of arguing the benefits of diversification but I believe the current situation no longer calls for the emphasis on caution but on sitting back and watching what happens over the next 9 months to a year. While I have no first hand information on the trialsI am in the medical field and I know what is involved here. My average cost basis is about 27 and the stock closed around 74. This is one situation where I will not be taking profits anytime soon. I have also made it clear that I won't make any type of recommendation to anyone else regarding this especially at this high price. As I said though if this goes the way I am getting the distinct impression it is likely to, the news of this is going to go far beyond the stock market.

Marc