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The overall market has taken a trimming.

I originally expected the Amgen news to put a floor on the price.
But in this market, good news is absorbed and overwhelmed with negativity.

For example, I own Gemstar, which notched a great deal with Charter today... it barely finished on an up note for the day... in the old days that deal would have been a $10 rise the first day and $4 or so the next.


The stock may get a boost with a European licensing agreement, but I'd guess the lymphoma drug needs to do well in the Amgen trials before the stock goes up....
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