IDPH--Positive preliminary results for pivotal trial of ID Message Board

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Biotech / Medical : IDPH--Positive preliminary results for pivotal trial of ID

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To: Julie Suk who wrote (199)	12/9/1996 9:19:00 PM
From: I. Luttichuys	of 1762

Hello Julie, Sorry I haven't more time to reply but major test tomorrow!:o( As you can see on the post I've done very well with those but you are right all other things being equal it is best to invest in companies one can understand by some personal expertise in whatever area the chosen stock impinges on. As I alluded (I think to Doug) in a previous post, one often is exposed to tips to which one cannot say "no". These rely on the expertise or special knowledge of a particular trusted source. The Semiconductor stocks are my own picks. I feel a company such as NVLS which is earning about $6/share and selling at $34/share when I bought it falls squarely in the category of "no brainer":o). The one I feel like I'm experimenting with is Cotelligent. I did a little mini-study with using a publication called "Daily Graphs". I went through tons of companies and noticed that at a certain level of insider buying on at a historically low stock price, the next move was up -- I think it turned out to be about 8 out of 10 times for the companies I randomly looked at. I picked a group that had recent heavy insider volume but as of the time no price appreciation and then did a little outside research. Cotelligent looked most interesting. It has only been public about 8 months and has been using the cash from its IPO to go nation-wide by buying related businesses across the country. Also was selling at a discount to its peers and still below IPO price. These aquisition's earnings were being added to Cotelligent's per share earnings as the companies were being picked-up. The company has some large clients and is involved in business which I think, considering the trends toward outsourcing lately, could do well. You can see this one is a little experimental but sure enough, its gone nowhere but up lately anyway. The rest of my picks are on more solid theory and facts I think. You get the strangest tips sometimes. Believe it or not, I had a very ill gentleman mention to me about 4 months ago (who has since passed away) that Unocal 76 was going to sell off its refining operations and pull out of the state of California and operate as an oil exploration company in Thailand. He told me the company was doing this to evade responsibility for an ecological disaster they were responsible for in California. The thought that this company, which started and has operated in California since its inception would leave California for Thailand seemed pretty strange to say the least. Anyway, about 3 weeks ago, Tosco Corp. bought Unocal 76's refining operations in California (the whole sheebang) and Unocal announces they are becoming an oil exploration firm and setting up operations in Thailand. The Wall Street Jounal mentioned in passing that along with the refining operations, Tosco Corp. assumed "certain environmental liabilities." I do not recall the gentleman's name now and don't have any idea why he would say this or where he got it from. I never bought Unocal 76 of course, but it just shows you the weird things one hears. Anyway, its just an anecdote. Have a good evening, BENNETT '

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