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Biotech / Medical : North American Vaccine
NVX 1.210-14.2%3:27 PM EST

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To: Don W Stone who wrote ()9/27/1996 8:10:00 AM
From: Don W Stone   of 82
 
Could someone help me interpret what the following means ?

Company:NVX ; Advice: Sell Short; % of Portfolio: 4%; "Limit" $27;
Current Price: $26 5/8

This is an open order for a "model portfolio"

An astute friend who subscribes to this particular newsletter service asked me for my interpretation.
His interpretation after getting the opinion of others in the investment business is that the model portfolio is covering 25% of the portfolios' short position ( the short position is 16% of the portfolio) at $27.

What is your interpretation??????
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