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


To: Tom Hua who wrote (786)3/17/2000 9:05:00 AM
From: allen menglin chen  Respond to of 1298
 
Great, see if we can stay above 30 today. Many March 30, 35 calls will expire today worthless.

Bot CEGE Oct 65 calls @ 3 1/8 when CEGE was trading around 26. Will buy more calls under 20 :)

Hope you pick up some IMCL under 90 yesterday.



To: Tom Hua who wrote (786)3/17/2000 10:06:00 PM
From: Timoteo  Read Replies (2) | Respond to of 1298
 
It may be a while before fund managers buy into the biotech sector, but one never knows. I think many people are still unaware of the whole CEGE story-specifically the cash and ABGX share. It doesn't show in any of the typical profiles so if one doesn't do the DD CEGE is just another "overpriced" biotech. One of my few other tech holdings is BRKT, which is a great company that dropped about 30% this week for no reason. Many investors don't realize that they own 6 million shares of ISPD which is worth more than half BRKT's current market cap. I guess the key is just patience.

Best,

Timoteo