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Biotech / Medical : Chromatics Color Sciences International. Inc; CCSI
CCSI 22.90-0.5%Feb 5 4:00 PM EST
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To: Vijay Rajagopalan who wrote (8)1/17/1997 7:54:00 AM
From: John M. Butler   of 5736
 
Vijay,
My sources tell me that there is mutual fund accumulation going on
this week in CCSI. That would suggest that someone thinks the FDA
comments are on the way. It also may be a recognition of the value of
the Gordon deal, which I think the market kind of overlooked in the
process of year end tax selling of CCSI. However, I must CAUTION you:
the FDA news may not be exactly what everyone is looking for. That's
not to say that the biliruben test won't be approved; I am confident
that it WILL be. But the first news from the FDA could very well be
COMMENTS and requests for more information. While this may take just
a few weeks to clear up, the market may be disappointed that the FDA
didn't just go ahead and issue the approval. If that happens, you could
see a significant dip on the news (which would offer one last chance to
add to your position at a bargain price!) However, even in the intermediate
term, the outlook for CCSI is great and long term is AWESOME !! Good luck !!
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