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Biotech / Medical : Nortran Pharmaceutical -NRT.V

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To: SOROS who wrote (902)7/9/1998 12:41:00 PM
From: Michael M. Cubrilo   of 1185
 
SOROS, I believe that you will be rewarded over two years. However, having again positioned myself, I will be looking for an exit point during periods of large price gains and huge volumes. The charts never lie with any company which does not yet have earnings. IMO, the unsophisticated investor will ride the wave down, hoping for the ride back up. Emotions cause people to lose money.

How many returns is enough? If one can make, say, 50% in 2 or 3 months, what is that annualized in ROR? Then, buy back when things look bleak. The chart is definately turning. Insiders need good news to sell their options into, IMO.

Forthright, comments?

mike
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