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


To: FNS who wrote (617)4/2/1998 8:16:00 PM
From: edna lipiner  Read Replies (2) | Respond to of 965
 
This news about CORR actually will boost CNTO in long run. Check out medical dudes on Yahoo board who explain why the uninformed jumped on CORR (clue: inferior product- more side effects). This whole thing (massive orgy of run-up for CORR) highlights how important market is for these drugs even if CNTO has to share some sales. With-in an hour CNTO recoverd 50% of the "shocking news".
CORR is now adequately priced, investors now could return to CNTO which has a superior product and a few more tricks in the bag.
No analyst cut their ratings. What's Merril Lynch going to do -cut CNTO back to 56 range?
Stay on the roller coaster to 70.