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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (31477)	5/16/2000 8:50:00 PM
From: Al Serrao	Read Replies (1) of 50167

Uncle, GLW has tried several times to break this 200. Lets see if it can push through this time around, if so I see no reason why it can't go to a new high. I have been following a new issue in biotech LMNX. This company has developed a new testing process that will reduce the cost for biotech and drug companies testing for new drugs. An interesting story, they brought it public when all the biotechs were down and out, a difficult thing to do in such a market. Now I tried to buy it the other day and I could not buy it below the ask. This tells me that the stock is headed higher. Furthermore, I now read the underwriter has exercised their option to take down more stock. Another good sign. Its too small for options and is still losing money but their process could be adopted by the industry. What well run drug company would not want to reduce their costs? A nice little company to watch and see if it grows to its'potential. Looks like a run maybe already underway. Not for everyone and risk capital only. Regards.

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