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Biotech / Medical : BIOTECH & TECHNOLOGY INVESTING *UNDERVALUED*{T/A F/A & V}

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To: BRAVEHEART who wrote (269)3/10/2000 2:51:00 PM
From: tuck  Read Replies (1) of 423
 
Jeffrey,

Alert! Calling in the troops for DD on possible conversion rally . . .

Watching the NEOP conversion rally has tuned me into certain things.

Check out LOR.

quote.yahoo.com

Company has made good fundamental progress in executing business plan, though it has come a little slower than hoped WRT GSTRF. A production glitch & and slight delays in opening gateways for GSTRF have hammered both stocks. LOR is now getting hammered some more because LMT is getting ready to divest shares of LOR (that it got from converting preferred) due to antitrust/regulatory requirements arising from another LMT deal. Some 13.5% of the outstanding. The stock is near lows and analysts have downgraded it. Technically way oversold, but maybe not yet bottomed. LOR is withholding news, just like NEOP did:

Message 13154255

I smell a conversion rally coming. Rocket Scientist has served up a clue. It is time to dig deeper.

Disclosure: long in a small sold put position and considering adding here. I need help calling the entry here. It is close. LOR is valued at ~$9/share w/o GSTRF (per sum of parts valuations done by several analysts and at least one LOR threadster).

Looks awfully cheap, and could easily go to the twenties and beyond when nints of resolution on the above issues come. And that should be pretty soon, I would think a few weeks.

Cheers, Tuck

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