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Non-Tech : Nabi (NABI)
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To: The BayWatcher who wrote (115)3/31/1997 4:48:00 PM
From: tom dooly   of 354
 
The overall negative market climate and some negative news from NABI are a bad combination. I still believe this is a good buying range. Earnings should be at least as good as last quarter and even higher for the remainder of this year. Earnings will not be adversely by anything going on now. I don't expect stock prices to necessarily appear logical for the time being. The question is how irrational it will get. There can be no doubt that short term we are in a very dangerous market....with its corresponding opportunties.

For the novice I recommend standing on the side lines and waiting for this market bottom and make a firm move up before jumping into this market! It is much safer. Markets seem to always over-react. Picking bottoms is not likely, even for the pros.

Tom
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