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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (940)	3/15/2006 5:42:31 PM
From: Hank	Respond to of 6370

Since you're doing the value play thing these days, I'd look at AZN. The recent study that proved Crestor can actually reduce arterial plaques is a hugely significant result because it is the first drug to ever do so . This result will allow Crestor to take serious market share away from other leading statins like Lipitor and Zocor. I almost sold it at 46 a week or so ago but then canceled the order as soon as I saw some unusual activity on the buy side. There will be other drugs that can claim to reduce arterial plaques in the future but the name of the game, when it comes to market share in pharmaceuticals, is first to market because Dr's are reluctant to change a Patients medication once they find something that works. The data on Crestor also makes them a very attractive target for takeover. Rumors are already circulating that Novartis is looking at them.

To: Bill Wexler who wrote (940)	3/15/2006 5:49:04 PM
From: Mr. Red	Respond to of 6370

Mr. Wexler - my guns are drawn and I'm going to pull the trigger now. I like EGY's 12 P/E (and the 8 forward P/E) and the cash in the bank versus the debt owed. The projected growth I didn't know about. If you know about the CEO (and he passes your litmus test) then that's good enough for me. I can get a lot of shares for that price!! Sure, I could lose - but at that price, its house money. I like the safer plays. A couple low dollar stocks have burned me in the past - always joing the party at the end - not the beginning. I just prefer the beat up stocks in value plays. High percentage of coming back for GOOD companies. Again, a tip of the cap for your wisdom and generosity. It is most appreciated.