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Biotech / Medical : Gliatech (GLIA)

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To: LLCF who wrote (1336)2/12/2000 6:13:00 PM
From: Torben Noerup Nielsen  Read Replies (1) of 2001
 
David,

>I'm buying options like nuts even though I'm long.

I'm not sophisticated enough to know how to buy options. I never became comfortable with shorting either. But I do know how to go long and I've been taking GLIA shares home on most days for the last couple of weeks. And I intend to continue doing it till I run out of liquidity.

I've read through the Prudential report and played with a lot of their assumptions. I think they did a great job of laying out what's there. That said, I think they were far too conservative in their valuation.

A Markovian approach leads me to believe that ``fair" value right now should be at least $50/share.

The most interesting thing about the Prudential report is what isn't included. If you go through it, it's fairly obvious.

Thanks, Torben
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