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Biotech / Medical : ORTC Ortec International

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To: Jake who wrote (156)	6/27/1998 4:10:00 AM
From: fut_trade	of 272

>I would have thought that he established his position long ago. Soros has more money than he's knows what to do with. If he finds value -- that's where the money goes. How long do you think Ortec will continue to grow? On the other hand, I believe J&J may have a more near-term interest. Soros likes to play the acquisition game as well. I'm glad I got out of CRGN a while ago. Money managers are flying out of highly speculative biotech stocks. Even though Curagen has a book value of about $5.8/share, I wouldn't be surprised to see the price drop below that. Soros bought 20% of that company at about $5.8/share back in early '97; well before the IPO this year -- yet he's not adding to his position at these prices. As far as ORTC goes, I think it has consolidated since the move up above 15. I will probably place GTC orders at 16 1/2 and 17 1/2. With a thinly traded stock like ORTC, the price will drop rapidly if someone sells a block -- but then the price will rise back up again just as fast. Remember last December & January. It will still be a few weeks before the price becomes oversold on the weekly chart so I should have that long before the next move up. Check out HAIN. Soros got into that at about 7 last year.

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