Progenics Pharmaceuticals Inc. (PGNX)

[usma67korea]

draft from ADCOM came out already to Salix. their VP commented on it earlier today to Forbes. It's on yahoo board message.

the way market is, when anything come out, people just blindly push it down (whether they understand it or not). about the time Salix VP commented to Forbes, we went down hard from 3.6 to 3.4's and lower. and never recovered.

actual briefing doc should come out Monday (2 day prior to event). not Friday. that's too early.

the adcom will be fine I think. notes, I am not sure, as they are always tough to read. refer to CHTP and MNKD.

we will prob have at least 1 short covering day - tomor or Friday. 30-40 cent move. that's where the money is made.

and if u hold through adcom and they recom approval, then a big pop into 5.5's to 6 to fill the gap.