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Biotech / Medical : CLZR:a potential 10 bagger?

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To: vestor who wrote (251)1/27/2000 11:14:00 AM
From: Bruce A. Brotnov  Read Replies (1) of 315
 
Vestor, I don't think the shorts have panicked yet, but above $25 they should start some serious covering. I have a target based on conservative PE of 28 for coming year giving CLZR a reasonable $43. Sector was PE 41 last month so it is not out of the realm of possibility.

After the big burst we nearly filled the gap just below $20 and firming now around $22. It is ok to go sideways for a few days above $20 and $22 would be nice so we can break the short term down trend and put some pressure back on the shorts.

Bruce
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