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Biotech / Medical : Somatogen (SMTG) -- Ignore unavailable to you. Want to Upgrade?

To: jackie who wrote (371)	2/5/1998 9:02:00 AM
From: John J H Kim	Respond to of 442

One of the things a speculator must have is an open mind.

To: jackie who wrote (371)	2/5/1998 10:57:00 AM
From: Ron Sigourney	Respond to of 442

Thanks Jack. Who knows maybe you've hit the nail on the head, or not. Something is moving the price, and I like it. Having lived through a major California earthquake I can understand how Amgen might want to move. Is the cost benefit ratio there? Only they know. I'm going to be patient and enjoy the show. Thanks again.

To: jackie who wrote (371)	2/5/1998 1:58:00 PM
From: aknahow	Read Replies (1) \| Respond to of 442

MacCamant on local t.v. was asked about high volume in SMTG. Was clear he had no clue but said the standard thing about depressed biotechs moving up quickly once they start to go momentum builds. Clear he had not read your post last night.

To: jackie who wrote (371)	2/7/1998 7:01:00 PM
From: aknahow	Read Replies (1) \| Respond to of 442

Jack, a quote worth reading in light of yours and others post. "Most of all, a new partner must be willing and able from the outset to make strategic investments in manufacturing." Quote is from p 5 of 1997 annual report. Dr Barai post IMO indicates that they gave the standard comment on progress of partner talks, but expect a deal with a partner by end of second quarter of 98. What's wrong with this picture? You can't expect to conclude a deal so soon unless its already a done deal with with a few lose ends remaining to be tied up. Realize you were not the first to mention Amgen but I do feel your "speculation" on this issue brings things into much sharper focus. The word "outset" for example must have been chosen for a reason. Do you say to a potental partner before we start you must from the outset build a plant? More likely the other side says we will do this and starts to build. Then its made into a requirment to become a partner and the only one that has done it gets picked. <g>