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Non-Tech : Nabi (NABI)

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To: jfrancis who wrote (148)4/25/1997 2:30:00 AM
From: tom dooly   of 354
 
I have been a long term NABI investor, but I'm not too sure I won't sit it out for awhile.

I would like to listen to the conference call before I make my final judgement, but at this moment I'm not very enthusiastic. I do not expect to see the stock moving up near term on the info we now have. We have seen this market do some crazy things lately. If it went up, it would fit right in with the current unpredictability of this wild market. The odds are not good though.

Worst case scenerios also have been worse than expected lately. That being said I would not expect it to go below $5/sh in a correction. Their earnings should not be vulnerable even in bad times. Unfortunately the upside doesn't look very promising either.

My initial reaction is to move my funds to cash for very short term trading and some longer term into SNUS which is nearing the introduction of their first FDA approved product. I'll probably make my final determination tomorrow.

Let's hope we don't get hurt too badly Friday!

Tom
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