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Biotech / Medical : Biosource International

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To: Jolie Renee who wrote (142)	6/25/1997 11:15:00 AM
From: Joe Howard	of 696

To all: Can't BIOI hedge their foreign currency exchange rate risk with different futures strategies? For me a 15% downside on 50% of my business would inspire me enough to hedge my exposure to that risk. Maybe they'll start managing the complete financial picture soon... As I have been optimistic in the past, the news stream has not held great news of late. Not horrible, just dampening what should have been consistently high growth. I still beleive BIOI is a good buy in the 6's, and worth averaging down at this price if you are in at higher levels. The price going down, down, down in a market that is up, up, up is quite discouraging. If the market falls out of bed, of course BIOI will fall too. BIOI should restablish a trading range very soon. So far it looks like the lower 6's are a foundation. Looking forward to any info provided by others from the annual meeting. J

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