Future growth stocks of 1997 Message Board

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Technology Stocks : Future growth stocks of 1997

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To: Henry Niman who wrote (132)	12/16/1996 7:21:00 PM
From: Alex Burns	of 391

There's been some interesting insider trading going on with ALRIZ. I am having difficulty sorting out what it means. Perhaps, you can shed some light on it. Five significant shareholders bought 17,500 shares of ALRIZ between 10/17 and 10/21 for $491,550. The following month five significant shareholders bought 23,000 shares between 11/12 and 11/26. I have not gone back beyond October to see if there's more of this... The first buy averaged about $28/share, then the second one averaged about $27 1/4 per share. When I try to find out who significant shareholders are, all I can find is Thomas F. Steyer et al (23%) and Wellington Trust Company NA (5.9%). LGND and AGN wouldn't buying it if they can call it for $22/share starting in June 1998, would they? This is an interesting puzzle, isn't it? What do make of all this? ALRIZ closed up 1 at 32 1/4 today. Impressive relative strength in a correcting market in which some large cap Biotechs showed considerable weakness (AMGN -1, BGEN -2 3/8, INCY -2). Alex

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