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Zeev Hed

05/18/04 12:57 PM

#246373 RE: DonH #246358

I have deserted AMGN here for some time, it simply refuses to get off the mat, while BIIB is probably going to go to the $65 maybe even $70 area. Yes, that is a transition I would make. I would wait for BIIB to get back to the $58 area before reentering (of course there is a risk it won't). I have a doubling bid around $57 which has not caught for a little while now on BIIB and also have a swing position from $59.... In edit, and now after suffering long and hard under my stop at $11, taking IMX off here at $13.32, actually for a gain of $.57...