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Biotech / Medical : STAFF BUILDERS (SBLI)

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To: Michael C Ellenberger who wrote (7)5/2/1997 8:19:00 AM
From: buzzcut   of 40
 
Yep, You can't always buy Bob's picks right away. Some pop and continue up, others tank. Some are just quick trades. Ya gotta know which is which. I don't know how to tell the difference. I picked some sbli up at 2 3/16 recently and it continued to drop slightly. I think we may be seeing a reaction to the short term but not long term downgrade by some broker as reported by Bob in a recent issue. But at this level I think (hope) we will see a gradual upward bias. It all depends on earnings, and as Bob puts it, their new programs look like they will kick into action in the next few quarters. I don't see this as a roaring mover but I expect to see 4 again at some point in the next year and a half.
I owned a "nursing home" company for three years once which dropped and just sat at 1 3/4 forever (GEMC). Then one day it jumped to 5 and was bought out. You never know.
I think sbli can stand on its own since it is working on some innovative profit enhancing products.

Charles
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