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Biotech / Medical : ChiRex (CHRX)

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To: scott who wrote (90)12/19/1997 3:11:00 PM
From: Haseltine  Read Replies (1) of 130
 
... today must be the third day the momentum investors are bailing out! I checked the list of institutional holders to see how ownership has changed over the past 12-18 months. There is nothing useful that I could gleen. The top CHRX institutional ivestors are first rate: American Express Financial (as of 9/97) had 9.58% of the equity; Warburg, Pincus was second with 3.76%. These are not what I would think could be called "momentum investors" so I doubt they are the sellers but who knows!!

Let the fund managers take their profits and earn their year end bonus (which is what I think is happening). At $17/share with analysts projecting $33/share next year, this might be another buying opportunity for us little guys...
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