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Biotech / Medical : North American Vaccine
NVX 1.510-3.8%Oct 31 9:30 AM EST

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To: Don W Stone who wrote (75)11/14/1996 5:10:00 PM
From: Don W Stone   of 82
 
PATIENCE, and not regrets, is the rule with NVX, IMHO

Right now the really big news to come is the FDA approval of NVX's DTaP. The real question is : When ? The only one that will know the answer before you and I and NVX is the FDA themselves. But really it could happen anyday from now till early next year. Some are saying 50% probability before year end , 100% probability early next year.
One thing is for sure it is well worth sitting tight and taking the long view.
The Money Magazine is just another clue as to the potential market for NVX's DTaP-IPV vaccine when it hits the market in late '97 , early '98. That in itself is well worth waiting for. The BIG year for NVX will be '98 IMHO , and the market will start to discount that sometime in '97 as we all know so we are hardly talking a long time from now. :-}

I am here to build my net worth , not to help buy a bigger boat for my broker or pay the toll to "Uncle" for every in and out along the way. I have very real doubts about market timing, and for sure have doubts about timing the FDA. Timing seems to work for me when I am able to force myself to literally ignore it. :-)
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