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

To: Ibexx who wrote (909)4/21/1999 2:18:00 PM
From: Steve Fujikawa  Read Replies (1) | Respond to of 965
 
Ibexx:
This stock has been a continuous source of frustration. The price stays locked in a trading range despite steady improvement in results over the last several quarters. I think the street doesn't understand or respect CNTO. Witness the DLJ downgrade yesterday. We've seen $40 many times in the past but we always fall back to the low 30's (where support is rock solid BTW). Now we're again approaching the top end of the trading range. Do you think that 14 cents is enough for a breakout? I hope I'm wrong but in the past it's always been prudent to hedge your position here.

Regards,
Steve



To: Ibexx who wrote (909)4/21/1999 6:08:00 PM
From: Ibexx  Read Replies (2) | Respond to of 965
 
Steve,

This time, the breakout is for real. Stock is being fueled by both earnings and take-over rumor (possibly by J&J which has deep pockets--very deep).

ibexx


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