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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (167)	7/30/1996 8:38:00 AM
From: Randy Sweet	of 132070

You sure do seem to be hot on the Bio-Tech area. I realize when a Bio-Tech gets a drug through Phase III trails the stock will usually shoot up and many times several months before the FDA makes their final decision, What are the percentage of drugs in Phase III trails that make it all the way -- do you know? This isn't quite Bio-Tech (Medical Supplies), but have you ever heard of a company called Isolyser (OREX)? I own some shares, but can't get a good handle on them. Excuse the naive question, but what do you mean when you talk about a 1/3 position? Is it as simple as, "I want to own 900 shares of this stock so I will buy 300 shares now and build up my postion to 900 in 300 share increments".?

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