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


To: Bwe who wrote (838)11/21/1998 2:52:00 PM
From: David S.  Respond to of 965
 
gee, somebody tell me what's going on.



To: Bwe who wrote (838)11/21/1998 4:55:00 PM
From: FNS  Read Replies (2) | Respond to of 965
 
Thanks, Bruce. Nice to know someone using P&F charts for CNTO...used to use them many years ago with commodities. Very unfortunate for shareholders to get caught with supposedly some impurity problem noted by the "Dear Doctor" letter. But it's not a septic shock flop so will wait it out. In the meantime, IMNX is benefiting quiet well.

The 47 recent double bottom has been broken so I agree that the stock will test the 42-43 area...hopefully, no further disturbing news will come out and the stock can base. Damage has been done and, therefore, would not be surprised for ML or other analysts to knock the stock. So, the pendulum may indeed swing lower. The Q now is whether the projected January FDA filing for Ra has/or will be impacted. Perhaps the chart will tell us in advance!

Currently out but hope to get back in!

FNS