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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: DanWebzster who wrote (16210)	12/12/2002 9:31:18 AM
From: Lost1	Respond to of 57110

CELG short > 24 with a BTC stop at 26 looks a-ok to me..got NEW BULL? <g>

To: DanWebzster who wrote (16210)	12/12/2002 10:09:09 AM
From: tuck	Respond to of 57110

Personally, I prefer AGIX. CELG had a good ASH, but that perhaps is mostly priced in. It looks as though the label for Thalidomide can see some more expansion based on some of the ASH abstracts. I actually like CELG but would not chase it over $20. So I'd say short it on technicals for a little while -- though you're on your own there -- but don't be greedy, and don't make it a core short. Stalking AMGN. Pretty soon, all the good news will be priced in, and I still think they paid a lot for IMNX and may still have issues wrt to integrating IMNX. But it could push over $50. Cheers, Tuck