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Strategies & Market Trends : Trader J's Inner Circle
NVDA 188.54+0.2%11:26 AM EST
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To: Trader J who wrote (6523)1/28/1999 3:11:00 PM
From: Wowzer   of 56537
 
CNDO..here is an interesting stock. Probably not a good day trade, more a position or long term hold. It is a biotech company who primarily develops and licenses its products to ALZA. CNDO has no revenues yet as it was just started in Sept 1997 but the chart looks fantastic and you would think insiders would be selling a little as the price rises, but just the opposite is happening they are buying more not one single person has sold yet as far as I can tell and almost everyone is buying. Float is a tiny 2.3 million shares. Book value is over 40 with more then 20 bucks in cash. However is expected that these will be depleted until more products get FDA approval. Today I got a new flash that another institution up its state to 16.3%.

Be curious of what you guys think,

Thanks,

Rory
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