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Biotech / Medical : Texas Biotech (TXB)

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To: X. Fang who wrote (269)	8/8/1997 2:23:00 PM
From: Bill Tomko	of 834

I am at a complete loss to either understand or explain the price movement of the last few days. I believe the SB deal IS A BIG DEAL. I don't think the run up in front of the news was large enough to account for the old buy the rumor sell the news. You have a co with an approvable new drug, the potenial for new applications for that drug ( MI), a full R&D pipline and now adquate financing? I don't get it? My only thought is the small under followed low float stocks are so out of favor that all the BIG BOYS are taking every opportunity to get out, SELL THE NEWS ANY NEWS. Anyone have any other thoughts?

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