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Biotech / Medical : Regeneron Pharmaceuticals -- Ignore unavailable to you. Want to Upgrade?

To: Scott H. Davis who wrote (532)	6/9/2001 1:08:19 AM
From: Miljenko Zuanic	Read Replies (1) \| Respond to of 3557

Scott, I love when TA and chartist make prediction, and few days later there is new one. Most often contradicting old one. Because they are lacking important parts of the price move drivers: historical events and fundamentals. In my book REGN went into distribution phase in October 2000, helped by short in last few months. However, price survived February pre-secondary price, ~35. Now stock is again entering accumulation phase which will last ~12 months, and maybe longer. My 12 months price target is 80. I have no idea where will be price next week or month, by will bet against anyone that we will see 80 before 02-summer start. Miljenko

To: Scott H. Davis who wrote (532)	6/11/2001 10:07:15 AM
From: jbn3	Read Replies (2) \| Respond to of 3557

Hi Scott, and thanks for your reply! Yes, I sold August 45s against my position for $6.00. They expire 3d Friday in August, 8/17. I had not worried about them prior to this, but REGN has been moving so strongly this past month that there is now a reasonable possibility of losing the stock if the movement continues. Since i can't see any underlying reason for the movement, I'm ... puzzled, curious, nervous. Thanks again, jbn3