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Biotech / Medical : Insite Vision Inc.

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To: Robert Mayo who wrote (135)	1/4/1997 11:38:00 PM
From: Gary Burton	of 1060

I sold on Thurs at 6.75 for a second quick flip gain (I bought it first at 4.50, sold at 5.75 and bought back at 4.88)--I listen to MM's hotline regularly---I also pay a lot of attention to Elliott Wave formations---the latter suggest that the stock will again print 6.88 by Tues close but that it will then mark the temporary end of the rise off the 3.00 bottom and to start a partial retracment before rising past Mon/Tues hi. So, in effect, I'm speculating that the actual meeting will not bring a signed deal and that the hype of the HQ conf will provide some with the cover to sell----the deal actually coming a few weeks later after the stock had retraced back to 5ish area. Too many people knowing the same info heading into the conf so who could be surprised on the upside right away?. Just a hunch folks.

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