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Biotech / Medical : CYPB - Cypress BioScience

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To: John S. Baker who wrote (244)5/29/1998 12:55:00 AM
From: Jay Lowe  Read Replies (1) of 586
 
It does appear that CYPB is not being monitored by any
major retail houses and has not appeared in any newsletters
that I know of. I have seen coverage from three private
investment houses. There has been nice pre-earning ramp
the last two quarters which I expect to continue. When the
PMA gets on down the road, I expect one or more majors
will initiated coverage ... that's be worth 10% or more.

I was privately recommending that people might want to wait
until a few weeks before the next earnings to culminate
a round of accumulation ... however this recent announcement
may mean that the price will ramp up more linearly toward
Jul/Aug than it would have if the PMA used the full monty
process ... on other words, we may not have to wait until
Jul/Aug for all the news ... the news may trickle in ...

I would say that anything under 3 is a smart buy, and I wouldn't
be surprised to see something like 4 near the next earnings date.
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