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Technology Stocks : UNVC......UNIVEC, Inc.

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To: Mark Fisner who wrote (48)7/16/1997 8:00:00 PM
From: r. peter Dale   of 60
 
Mark: I think you're right but for reasons in addtion to recent price action:

1) There's been a general malaise in the biotech sector recently (as group they have not participated in the NASDAQ surge). The way this market has behaved, it apppears that its only a matter of time before the rotation hits this group.

2) More importantly, the company has released information over the past couple of weeks indicating their financial position is considerably stronger than would be indicated by their IPO documentation and recent SEC filings. Their presence in the international aid network has recently broadened, distributing over 500,000 units of their premier product during an African relief drive. They are also rapidly gaining exposure in the American market through exclusive and binding agreements with national HMO's.

Finally, a stock doesn't run up over 300% soon after its IPO without an awful lot of people concurring on a Company's promise, even granting a significant discount for market manipulation.

So, in short (!), I agree: this is one helluva buy.

Best wishes,
Peter
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