Spine-Tech (SPYN) Message Board

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Biotech / Medical : Spine-Tech (SPYN)

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To: Joseph Schmidt who wrote (150)	7/16/1997 11:28:00 AM
From: .com	of 242

Who put a price target of $65 on this? Personally, I got out at little over $40 not thinking there was much more upside, especially with the company stating they were comfortable with the analysts expectations for the quarter (with no hint of an upside surprise) and US Surginal getting a deal with a major hospital chain for their Ray Cage devie which basically cuts SPYN out of those hospitals. However, I was obviously wrong becuase it has moved up 4 points since I sold (I was up over 100%, not including income generated from covered call writing over the last 9 months, and thought it would be wise to take profits). I never know the right time to sell and take profits except that whenever I do sell it will continue to run. How high can it go? Obvisously, I thought it got there and was. I would consider re-entering if it hits lower levels after their earnings announcement. It is a geat company and the make a great product (I have had the BAK/L cage in my back at L5-S1 for over 6 months with excellent results--true product testing!!).

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