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Biotech / Medical : Summit Technology (BEAM)

BEAM 23.10

+1.5%

Nov 5 3:59 PM EST

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To: Swami who wrote (1302)	7/27/1999 11:04:00 PM
From: SteveDavis	Read Replies (2) of 1386

IMO, BEAM news is now old and cold. Spiked up only 7 points on 20M in volume on Monday! Float of 39M does not allow for a "short squeeze" as so many hope for. News was out on Friday and stock closed at 20 3/4. Should revisit that price before moving higher over the next several months. Too early for institutional buying and too late for the daytraders. Price dropped a full point in last few minutes of trading today. Steve Davis

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