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Biotech / Medical : Biomatrix (BXM) Looking Great

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To: Raph who wrote (92)9/18/1997 6:14:00 AM
From: James Baker   of 569
 
<<Does anyone know why biox dropped 2 1/4 points today??? I couldn't find any relevant news. Could it be an effect of the Redux issue with AHP???
Regards,
Raph>>

This stock has run from 10.5 in april (just 5 months ago) to 41.8 all on the approval of synvisc. I think that pull backs like this are healthy for the stock in the long run. A spike that is too sharp tends to be followed by equally severe decline.

The real answer is in the earnings from this product and as John says we just don't know that they may be. AHP investment suggests that they are looking for pretty good sales. Time will tell.

Jim
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