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Tuesday, October 18, 2005

Genzyme Beats Wall Street Estimates

Genzyme (GENZ) reported earnings of $0.61 vs. Wall Street consensus of $0.58 (excluding items). I said yesterday and Sunday that Genzyme stock would trade higher as they would beat earnings. I also believe that Gilead (GILD) will beat estimates this afternoon. I bought some shares of Gilead yesterday at $47.68.

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