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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 (384)7/14/1998 8:01:00 AM
From: Don W Stone  Read Replies (1) of 507
 
On 30,000 shares the stock was up 2 1/4 points yesterday.

That is a tight supply and it's getting tighter.

On approval I have every reason to believe that many plan to add to their positions. It is a certainty that those that were forced out of some of their shares by margin calls will be back in leveraging up.

After the close yesterday the midwest exchange did a block of some 54,000 shares at 16 3/4. I haven't a clue as to what that was about. Perhaps when the short interest figures come out in a couple of day we see that the shorts are working hard at sneaking under the door. Of course with almost 4 million shares still short the " short squeeze " isn't going away. It is a given. A very BULLISH sign.

Unfortunately for those planning to buy more I doubt very much any stock will be available come approval. Like ZERO.
Now is the window. That is about it.
Just opinions. :-}
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