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Gold/Mining/Energy : Nuvo Research Inc

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To: David Graham who wrote (3340)	2/8/2000 8:28:00 PM
From: john.d	Read Replies (1) of 14101

David, "I want to take a survey. Being a bit of a contrarian, I wonder how much of this run-up is due to the fact that almost every pharma/biotech in Canada is bulling along and how much is due to impending news." one way to analyze is to ask ourselves what price would DMX be if the Biotech sector corrected back to levels at the turn of the New Millenium. Without news, I believe DMX would fall back, however I doubt that it would fall back to the 4's. I believe that Peter's road show has helped bring in new buyers and I suspect there were buyers (now shareholders) on the sidelines (investing elsewhere) waiting for the run, which has begun. With all the pending news expected this year, I think we can expect some decent strength no matter what happens to the sector. In fact, if we have a major correction in the market, with FDA approval in hand, I'll be buying. Hope this helps John

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