North American Vaccine Message Board

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Biotech / Medical : North American Vaccine

NVX 1.410

-6.6%

Nov 3 3:59 PM EST

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To: Don W Stone who wrote (38)	10/30/1996 4:48:00 PM
From: Don W Stone	of 82

715,000 more shares of NVX are now in very good hands, that is the way I see todays activity. About 500,000 shares of that went thru in the first hour or so and was "Joe public" on the sell side and institutions doing alot of the buying so I am told. In any event my bet would be that it was most probably a Goldman or UBS client taking advantage of the pull back. But than to it could be some short covering. I think the fact that, that much stock was dumped on the market in the opening hours, About 5X average daily volume and the stock only gave up 3 points max is amazing, somebody wanted the stock enough to like it alot at these prices, around $20-21, it than treaded water all day. All the big houses that follow NVX put BUYS on the stock today. Some waiting until after the "conference call". It does show how anything to do with the FDA approval cycle can strike fear into the individual investor. A good friend of mine sold 2000 shares right after the opening before word really got out on what happen yesterday, purely on "fear" he said, so I took some of my profit. My broker told me several stories like that .

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