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Biotech / Medical : IVAX, Generic Giant

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To: Charles Holewinski who wrote (201)5/24/1997 7:28:00 PM
From: John R. Doggette   of 212
 
IVAX is a stock that seems to have very little remaining downside risk. Such stocks move on market positive news such as sell-off announcements. WX rose nearly two points yesterday with the news of consolidation and CEO leaving. Sunbeam went wild when it brought in a CEO with a reputation for cutting costs. I reread the Street Smart article in Smart Money and purchases at this price are easy to make and hold for a reasonable upside move. I'm in the strategy right now of looking for 20-30% upside stocks.

john
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