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Gold/Mining/Energy : Nuvo Research Inc

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To: Joe Krupa who wrote (13436)	4/26/2004 7:20:31 PM
From: DaveAu	Read Replies (1) of 14101

With so many investments to choose from, many with honest management and long term records of steady growth, why would anyone want to buy or hold a stock when the only thing going for it is "mysterious buying" ? It's the triumph of hope over experience. Money has been flooding into the biotech market. Every bio that I follow has at least doubled in the last 12 months and many are up far more. Take a look at the Nasdaq or Amex biotech index. Meantime DMX keeps sinking. Today alone, the bio indexes were up 3% and DMX keeps sinking. With all the money flooding into the sector, its not surprising that some of it would go into the crappiest stocks as some people inevitably go bottom fishing looking for the ones that haven't moved yet. As Joe noted, there are 75 million shares outstanding. And they're broke. And more shares need to be issued to Kuhne. So many shares, that she can't do it without shareholder approval which she won't be able to get. Why would someone do a takeover when they can just buy it cheaply out of bankruptcy 7 or 8 months from now ? Dave

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