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Biotech / Medical : Cistron Biotechnology(CIST)$.30
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To: scaram(o)uche who wrote (772)7/20/1997 7:53:00 AM
From: Jonathan Rothschild   of 2742
 
I've heard the officer who left has over 3million shares and is selling it in dribs and drabs to punish the company. The only stock buyback worth anything is if they or someone else takes him out. I'M not buying more until I see tax selling through the end of the year. Although it's below book value, it's also off radar, so I expect dead money for awhile. Otherwise, the stock is an intermediate steal. I expect them to do a small acquisiton rather than be acquired, probably next year. After a reverse split in a firming biotech sector we could see substantial upside in 98.
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