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Non-Tech : Nabi (NABI)
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To: jfrancis who wrote (136)4/21/1997 5:41:00 PM
From: The BayWatcher   of 354
 
Yes, there is some good news to report. On 3/2/97
a NABI director named D.L. Castaldi made an open
market purchase of 1000 shares at 10. That puchase
represented 33% of his NABI holdings so he must be
holding another 2000 shares. Although the
purchasewas minimal, it suggests that insiders have
a positive outlook at $10 per share. I heard
nothing from Monique on other matters. I'm also
disappointed with their lack of positive press
releases-- there should have been one on their
filing for the HBIG-IV reformulation. Regardless
of their poor marketing efforts, I suspect NABI
will trade near 8-9 as it approaches eanings next
month. I doubt we'll see low 6 again but, in this
crazy market, who knows? Good luck to all.
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