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To: bw who wrote (7942)3/25/1999 12:16:00 PM
From: Thean  Respond to of 14427
 
bw,
The news today on DRMD is very significant. After going throu' repeated rejections with its generic primarin program, this one is pretty big. First this is not an ANDA (generic) but an NDA. The following is very detailed:

biz.yahoo.com

With $12 - 12 1/4 established as intraday floor, I think if it stands this support level again (<$12 1/2) today, it should be bought for quick pops tomorrow or next week. $12 is also a long term support. This is significant. Good luck.

Sticking on the pharmaceutical related stories, I have two on my watchlist: INHL (drug delivery) and KNDL (CRO). They are currently on the slide but after they find their floor, they should represent very good entry.



To: bw who wrote (7942)3/25/1999 4:21:00 PM
From: Thean  Read Replies (1) | Respond to of 14427
 
bw, Did you do anything with DRMD today? Look like we may find another visit or two at $12 tomorrow. I thought it was going to surge this pm after it made it above $13 but late day profit taking took it down again. Remember, holders of DRMD have not seen prices above $10 for almost two years now so it is only natural to bag what one can get at first euphorea. But the news is real and the fundamental improvement to their business is real. If $12 is broken, then an attempt to fill the trading gap will be the natural course of event. If that happens, the next support (will check the chart later) shall be the natural entry point.

I did not buy any today but will watch this very closely. I sold KNDL put instead.

INHL is right at your back ally. Know anyone working there?