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To: SusieQ1065 who wrote (51933)5/6/2002 2:46:45 AM
From: GREENLAW4-7  Respond to of 208838
 
MYGN has a very large short interest as of late, and if ASCO conference has good news regarding their cancer fighting gene and drug wich I believe is in phase II trials, MYGN may be the best bounce canidate in BTK group.

When I refer to their cancer gene, I am referring to the find they made last October that propelled their stock from 30 to 50 in several weeks.

I believe BTK is so oversold, that some of these stocks w/ their short intersts may get a SUBSTANTIAL bounce from the conference. MYGN has the smallest float and smallest market cap.

One last point HGSI's recent strength of holding its bottom tells me perhaps some of these GENO stocks are due for a bounce. The names which have most likelyhood near term in order MYGN, PDLI, and MLNM.

All that said, nothing says we could not have more downside before reversal, but what BTK has going for it today is the DRUG/PHARMA stocks are also at their lows of the year. The last ttme we had both index's in such a positon, they rallied as the NASD contimued to tank.

Just some thoughts regarding a decent trade.