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Biotech / Medical : Centocor ( CNTO ) -- Ignore unavailable to you. Want to Upgrade?


To: FNS who wrote (461)12/18/1997 8:07:00 PM
From: PawPr  Read Replies (1) | Respond to of 965
 
My cost basis is in the low 20's so I'm not quite ready to blow my brains out yet, although I'm obviously not happy about the situation. As I said previously, 40 was a critical support area and in retrospect when it broke that level the handwriting was on the wall. Fundamentally things are not quite as bad as they look, and I believe the downside has been magnified by year end maneuvering. Technically I agree with you that the mid-20's is the next critical support area, and I for one will be buying more if it gets there. I bet you'll see a big rally in CNTO in January.

Has our friend Pancho jumped ship, or has he just fainted from the stress?