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Gold/Mining/Energy : PYNG Technologies

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To: the Chief who wrote (2190)	5/12/1998 2:43:00 AM
From: Michael M. Cubrilo	Read Replies (1) of 8117

The only word of caution I would have is my experience with Nortran Pharmaceuticals (NRT). After a decent run up (during which I sold 70% of my holdings), the stock has dropped on the much anticipated news release of a major deal with a European Pharmacuetical company to further Nortrans heart arrythmia drugs. I was surprised at the drop, as this was the news we had been hoping and waiting for! I was surprised to see NRT act like some junior mining stock which often drops on good news. Some of the other pharm. stocks are moving nicely, such as IMT and IZP. I have held and doubled on PYT in the past, but currently hold no shares. Chart looks like it is ready for some news. I would guess it would go up, just because it has been drawing a straight line for quite some time and investors are anxious. Perhaps that is why NRT dropped, it had been on a 45 degree slope (upwards) for some time. Good luck Chief, mike

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