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Biotech / Medical : North American Vaccine
NVX 1.510-3.8%Oct 31 9:30 AM EST

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To: Don W Stone who wrote (79)11/25/1996 1:06:00 PM
From: Don W Stone   of 82
 
MORE: The potential market for Strep B vaccine is HUGH, I am told it is closer to a billion $$$$$, not just hundreds of millions$.And yes, I know it is perhaps 3 years out but right now it does add considerably to the real value of NVX, the company. This product alone could conceivably put a value on NVX in a couple of years of well in access of $50 per share IMO. ( I am applying the same method a certain well respected medical newsletter(not Sturza) used in their evaluation of the vaccine business that Chiron purchased)
Remember, we are not talking about an unknown out there conducting these Strep B vaccine trials. We are talking about Harvard Medical School and Brigham & Womens Hospital. NVX is in very good company.

Now I have also found out today that the "float" is now so damn thin that the stock gaps up 1/2 pt. or more on any significant buy order.
That what is left for float after subtracting what is owned by Dr. Phil Frost, Biochem, NVX management, and Institutional and Fund holdings from the shares outstanding is already a very small number that is getting smaller by the day.
No question in my mind that this can only mean that shorts are getting calls to cover on an ever increasing frequency . This means that even without news the stock just could keep going up and with news it could literally go thru the roof. HYPE, yes , but possibly an accurate assessment? Well it is my opinion and only time will tell. I am just waiting. That seems to work for me. :-}
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