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


To: Bosco who wrote (925)5/22/2000 5:03:00 PM
From: Area51  Read Replies (1) | Respond to of 1298
 
Nice mention at streetadvisor.com may explain why it was able to disconnect from ABGX price action for a day:
streetadvisor.com

Nice article on ABGX to boot:
streetadvisor.com

Best Regards,
Area51



To: Bosco who wrote (925)5/22/2000 11:39:00 PM
From: david james  Respond to of 1298
 
Here is some info on the institution that bought 7% of the company first quarter - Dresdner RCM- and is now our leading institution. That puts them ahead of Aventis and Fidelity.

I suspect that the recent strength is much more than that little article out today. I believe this is institutional buying - possibly before new coverage.

Smart Money ranks the fund #5 of all mutual funds
209.185.191.232

news.morningstar.com
Dresdner RCM Biotechnology DRBNX: This fund is suddenly the belle of the ball,
thanks to the impressive returns generated by fast-trading manager Faraz Naqvi. The
fund is up 349% over the trailing 12 months--trouncing all other biotech funds. Naqvi's
portfolio is a mixture of established biotech names such as Biogen and IPOs such as
Maxygen MAXY. But investors should approach this fund with caution. Naqvi has
only been at the helm since April 1999, and he's had the wind at his back since he
started.

biz.yahoo.com

kiplinger.com

Moreover, extraordinary amounts of investment capital are
pouring into these companies, even the real wild cards, says
Faraz Naqvi, head of Dresdner RCM Biotechnology fund.
Naqvi's fund proves that great gains are still possible: Dresdner
RCM Biotech led the sector in 1999 with a 111% rise, and it
has risen another 56% so far in 2000.

Naqvi is partial right now to genomics companies -- firms that
map human genes and sell the information and techniques to
drug developers. Genomics companies are "picks and shovels"
businesses, meaning they supply tools to drug developers.

TOP BIOTECH MUTUAL FUNDS
stockspecials.com