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Biotech / Medical : Celgene-CELG -- Ignore unavailable to you. Want to Upgrade?

To: rkrw who wrote (481)	12/27/2000 12:41:24 PM
From: horsegirl48	Respond to of 804

I bot a little of this stock at 31< have been in this stock before and really do want to own it on a longer term frame. The TA shows that 25 is the next area it can go down to, am wondering to buy some more at this price of 27? Any negatives on this stock I am not aware of. Why is it going down when the news was positive? Sell on the news? If that is the case I do not understand because it has sold off so much already. Red Herring said it would be their biotech for 2001. Waiting to hear reply from those on this thread. HG48

To: rkrw who wrote (481)	12/27/2000 12:42:28 PM
From: Scott H. Davis	Respond to of 804

All: I've bought at 55 on the way down, then added at 36. Right now the stock is down another 10% on a moderately up day. Cut 60% in a couple weeks on no bad news. If I had intra-day chart access, CELG would shyow as seriously oversold. The market often overreacts. Could be some shorting activity + some tax loss selling that accellerates more & more CELG holders have a bigger paper loss. But is there something more than this? The selling really seams to be extreme. Yeah biotechs are down somewhat overall, but this is worse than some net stocks are getting hammered. I was strongly considering buying some NBIX and/or REGN this week. Will probably still do so. Wondering if this is a real buying op, as they will most probably be profitiable next year however. But this selloff is making me nervous. obviously my timing was off. Thoughts? Scott