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Biotech / Medical : Biosource International

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To: Joe Dancy who wrote (355)	12/11/1997 11:38:00 AM
From: Bob Richmann	Read Replies (1) of 696

<< The earnings disappointments and stagnation may be why the price is where it is at - but once the momentum players start to jump in on increasing earnings watch out. With a book value of $3.70 or so we won't lose everything if we hit the wall.>> Yep, I agree. When earnings start increasing, I want to be the first momentum player to hop in. I'm not really much of a momentum player & love the companies business & prospects, but bailed when the short to medium term started looking bad. As soon as there's positive news from the company, I'll rejoin you guys on the long side, or if it gets down to book value (which would also be the transition to single digit P/E ratio), which I would think would be about as low as a company like BIOI could go. Also some of the semis are getting spanked pretty well by the market and may be screaming a little louder than BIOI when the time comes to buy. So many companies, so little cash. Good luck to all.

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