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Biotech / Medical : Duramed (DRMD) Synthetic Estrogen Product -- Ignore unavailable to you. Want to Upgrade?

To: Haolin Ni who wrote (996)	3/29/1999 12:59:00 AM
From: Martin Posgay	Respond to of 1837

Be careful, the Trend is your friend. This stock does not have the makings of a good short candidate. You will get squeezed out at a loss. I hate to see people lose money.

To: Haolin Ni who wrote (996)	3/29/1999 7:50:00 AM
From: vestor	Read Replies (2) \| Respond to of 1837

ENMD and perhaps some of the other companies you are referring to had run up on the hope that the FDA may approve what they allege to have discovered... Sometimes this is years away..... In DRMD's case they received the approval on Cenestin and the market for that kind of drug is huge... Yes they do not have the $ to market big time but I anticipate they will hook-up with a fortune 200 company with excellent channels of distribution. My guess is Warner Lambert. Then as Cenestin is approved for any other indication there will be another pop up in the share price..... Yes you will have the momentum traders exiting and this may drop DRMD's share price a little but I would trat it as a buying opportunity.... If thier marketing partner advertises right grabbing 25 % market share is not out of the ball park..... I am told they are allowed to create a dosage that is not available in Premarin and its one doctors are looking for..... Shorting , perhaps, is justified if you could time the exiting of the momentum players.... but as further announcements come and you begin to see advertising I think the risk too great..... Certainly, due to Premarin side effects, my wife is anxiously awaiting Cenestin to be available at Walmart and Walmart is hopeful to have it available in July 99....... Just be careful all Biotechs are not the same and all situations are not the same. Coiming forth only with an idea vs getting FDA approval on a block buster is a world of difference... Respectfully......