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

To: FNS who wrote (541)	2/2/1998 11:20:00 AM
From: FNS	Respond to of 965

Bruce, et al: re: I took another look at the chart> On a closing basis, CNTO has stong resistance between 42-44. We really don't have a strong shot at 50-52 area until the 44 area is taken out... I would look for positive news on anticipated Avakine to do it! Should it not come in the near term, it's possible that we could get into another 'impatient' situation... I hope not! In regards to BGEN, it's doing great and now ahead of CNTO (at the moment). Got tired with it...and it finally broke out! Ciao! FNS

To: FNS who wrote (541)	2/2/1998 1:09:00 PM
From: PawPr	Read Replies (1) \| Respond to of 965

I think you're a lot more bullish than I am. I took advantage of the pop this AM to short the March CNTO $45 calls @ 1 3/8 to hedge my long position in the stock. I think the Asian markets and the second tier tech stocks like the DD makers are just making a dead cat bounce and will head lower again in March-April. I agree with you on the drillers; I think they're heading back up. And for the record, the gold stocks have begun a long bottoming process and will have a big rally before the year is out.