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Biotech / Medical : Cistron Biotechnology(CIST)$.30

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To: Steve Harmon who wrote (892)11/2/1997 3:38:00 PM
From: Zvi Steinberg  Read Replies (1) of 2742
 
Steve,

Following my last correspondence with you on AOL, I took a good look at the co. web site, went through the 10K, 10Qs and concluded that I will buy into this stock. Alas, looking at the current spread, I have a hard time taking the plunge. Unlike Zvi Yammer's assrtion that we'll see more buying above .30, I will buy tomorrow if the asked came down to .26, even maybe .27 (with respect to .25 asked). Stated in other words, the current spread (.25-.285), a 14% difference, is unacceptable to me. So, I'll wait and see.

Also, I don't have a clue what the "overhang" and " CLOUD" mean.
Can you explain in simple terms?

Best regards,
Zvi
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