VITX - new IPO with room to grow Message Board

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Biotech / Medical : VITX - new IPO with room to grow

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To: Ariella who wrote (11)	9/25/1998 1:24:00 AM
From: Street Walker	Read Replies (1) of 37

VITX will have 30% growth Your thoughts on this: (taken from yahoo msg board) VITX is a future $30 stock >>VITX will have 30% growth in the next 5 years. Based on the fact that companies trade at P/E at 1.5 times the growth rate. Then the stock should be trading at $.65*45=$30 ($.65 is 99 earnings). What happend in the last few days was motivated by greed. Big fish eating small fish. The big fish is pushing the stock down so small fish will get scared and sell their position. The big fish are buying in and will drive the stock to $30-40 in the next 12 month where they will unload wating for another downgrade to drive the stock down again and to eat the small fish all over. Small fish hang on and buy more. Scrow the big fish. << S.W.

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