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Biotech / Medical : North American Vaccine
NVX 1.115+3.7%3:59 PM EST

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To: Don W Stone who wrote (1)9/27/1996 3:55:00 PM
From: Nidarius Foxworth   of 82
 
Don,

The portfolio in question is run by a newsletter called Sturza's Medical Investment Letter. The portfolio is a "paper" portfolio with the sole purpose of monitoring the performance of the recommendations which the Medical Investment Letter makes.

It is clear to me that the portfolio is NOT covering any of its NVX short position. On the contrary, the portfolio placed a GTC order to Short another 4% at $27. If the order goes through, it will bring the total NVX short position to 20%.

But, if you have any questions why not call the publishers yourself? Sturza's Medical Investment Letter is based in New York and the telephone number is 212-541-8200.

An interesting note: Some of Sturza's NVX material can be read at www.westergaard.com

Question: Is your astute friend of yours the same person who is helping you with information on NVX? If so, maybe we should do a little fact checking.

Keepin' the dialog going...
N.F.
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