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Biotech / Medical : CRYOGENIC SOLUTIONS CYGS
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To: ozzi who wrote (5)8/17/1997 7:47:00 PM
From: lloyd bashaw   of 19
 
Gary,

I am certainly not affiliated with the company in any way other than the fact that I purchased the stock at .28 on Friday.

A "sympathy play" does not mean to buy a stock "out of pity" , but rather to buy stocks that are in the same field as a current hot runner. For example, when bomb stocks took off awhile ago, people not only bought INVN, the market leader, but also MAGSF and BARR, two lesser known companies and unprofitable companies. Magsf and Barr doubled. (They still are unprofitable the last time I checked.)

Most importantly Gary I am a news and momentum daytrader. Only unsuccessful daytraders begin to cloud the waters by confusing daytrading momentum with value investing. Gern and its industry have the best momentum going at this time. As far as future value are concerned that is for investors. Rating the "value" of a company is something a daytrader does only to evaluate the possible extent of the momentum run. The greater the value of a company the longer the momentum and the bigger the money coming in on news.

Concerning Gern... I bought and sold GERN on Friday. I did not feel comfortable (as most daytraders felt) holding such volatility over the weekend. Also it is very risky buying into GERN's morning gap knowing that a profit-taking sell off will occur shortly after the open. After the sell off I will be watching GERN closely for signs of legs.

This is not a GERN vs. CYGS situation. It is simply recognizing that there is a penny stock out there in the same field as Gern.

One last question...which do you think is tomorrow's more likely double?

Best Wishes,
Lloyd
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