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Biotech / Medical : Biomatrix (BXM) Looking Great

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To: Ted The Technician who wrote (544)10/24/1999 10:12:00 PM
From: James Baker  Read Replies (1) of 569
 
BXM has stated that in preparation for the direct marketing push during the 3rd Qt they and W-A wanted to have a 90 day supple of Synvisc in the pipeline. This would account for the higher than needed sales in the second cqt.

I think the most significant factor is that sales to the end users increased 40% qt to qt . This is the most important factor in the long run.

WSJ in the Heard on the Net column 10/22 reviews all of the lies out there about synvisc. Analysts, competitors as well as BXM and W-A all say this is nonsense. the short interest in this stock is huge at 5 mill shares. Float is only 14.2 mill shares.

I have been in BXM for several years and thinks it has a great future. discussion of new products in recent news release very nice to see.
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