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Biotech / Medical : Eye Laser Industry - VISX and Summit BEAM Info

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To: Jim Parkinson who wrote (12)8/17/1996 11:01:00 AM
From: AgAuUSA   of 178
 
Jim,

Summit has been targeted by shorts. I understand that they have been recommended by Sturza to cover under $7.00.

Insiders did sell small portions of their stock in the spring. Their present CEO, Dr. Muller filed, I believe to sell approx 120,000 of several million shares he holds. Possibly one or two other insiders filed.

I maintain a patient stance that long term investors will be well rewarded for holding Summit stock. On weakness take advantage of the shorts and nibble. My personal target to buy more is <$7.00.

Greg
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