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Biotech / Medical : HBOC...Buy in here? -- Ignore unavailable to you. Want to Upgrade?

To: John Carragher who wrote (145)	7/16/1998 2:41:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 341

John, I find the market action of the last few days very puzzling. HBOC is behaving as if it were the target of a takeover by McKesson, not the other way around. The stock has fallen by around 20% on no material news. We beat estimates by $.01 but perhaps unofficial expectations were much higher. Maybe the momentum guys are bailing out? This would be similar to PSFT which fell from around $57 to $42 with the same kind of earnings surprise. Days like today leave me scratching my head. It's as if the whole world knows some fact that I haven't been let in on. TTFN, CTC