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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE

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To: ivan solotaroff who wrote (838)1/1/1998 12:05:00 PM
From: Sergio H  Read Replies (2) of 2377
 
Ivan, DITI looks interesting. The company, DIATIDE is waiting for fast track decision by the FDA for Acu Test, intended for use in detecting blood clots. This would be the company's first product. Decision is expected prior to March.

The company has over $2/share in cash. There are 10.5 million shares but the float is only 3.6 millon. Two strong buys from analysts
covering; Dillon Read and Oppenheimer.

Lots of institutional and insider buying (and ownership). One insider was selling in Sept. A VP sold 5k at 7 1/2 but several institutions were buying including Equitable Co., buyer of 326k. Institutions owning shares include Merrill Lynch (8%) and Chase Manhattan (6%)

Nycomed Imaging owns 14% of the company and they are DITI's principal marketing partner. Nycomed recently paid DITI a milestone fee.

Sergio
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