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To: Gerald F Bunch who wrote (1448)	8/1/1998 5:20:00 PM
From: Thean	Respond to of 14427

Gerald, thanks a Bunch ! <gg> Your link is a decent one. With my 15 minute DD, Incontrol (INCL) appears to be a one development product joke. Whether this is a scam like your link suggested is another question but this is a good day-to-day trading stocks for some of use here. Since INCL is only 5 1/2 now and we can only short above $5, the opportunity is still there. 5 1/2 is actually a semi-support and with the big daily swing of INCL, this can be broken in no time. The prospect of a 50% haircut is pretty good in a market correction environment and the developmental biotech areas will suffer since they have not really corrected. I will keep an eye out but will probably short ICOS first. Doc - your ZONA is near $20 support again. An upstart biotech/pharmaceutical co that used to be a high flyer (in the 70's last year) but is now hanging on a thread for life (now at new low 17 1/4) is MRVT. The CEO is also now being challenged as to his projected patient number in one of the indications the company has pivotal trial in. Freefall is the word now. Stock volume is decent but the float is thin so the intraday volatility is huge. I think with the fall of certain "defensive" issues like the consumer non-durable co's, the next group to see its PE slashed is the drug co's. JNJ is still near all time high and this is as global a business as one gets. Some other names to throw out include the 2nd tier drugs like PNU, ABT, ZEN, and WPI (this is actually a tier 3 drug co). However their puts are very cheap, therefore for a general market meltdown play the investment is very little with huge payout potential. As of my thinking now, I will short ICOS on Monday morning but will put a drug company like PNU or JNJ especially if we can see a .