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Biotech / Medical : Biomatrix (BXM) Looking Great

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To: kenny who wrote (44)7/31/1997 2:40:00 PM
From: James Baker   of 569
 
There is no one following this stock on First Call or Zacks so we do not any estimates to go by.

The initial reaction has been negative. However, I look at the 73% increase in product sales and the control on costs of materials and think that these results are very good.

Last quote off 3/8 rather than 1 3/4 so maybe it is a case of the weak hands sellling out and the strong hands willing to hold for the future stepping up to buy at these bargin prices.

Jim
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