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Biotech / Medical : Insite Vision Inc.

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To: Ron Oda who wrote (138)1/5/1997 5:03:00 PM
From: Gary Burton   of 1060
 
Ron-my logic is that MM has been touting this for a year and the stock ran up to 8.25 in Jan 96 but then meandered all the way back to 3ish despite MM's constant rec. Most of the people in INSV are likely MM subscribers or heard about from someone who is. They may recall what happened in the Feb-June period last year and want to bail starting say Wed am after waiting for an hour or so to see how the stock is reacting.Everybody and their brother is now holding waiting for the conf--especially the itchy triggers just waiting for Wed am and if the stock starts showing difficulty printing above 7 on Wed then the fast buck types will likely start to leave the party.In short-'everyone' already knows the same info so to some it may well be a selling opportunity-partic since the stock has risen so sharply so fast on the hype of the conf. I'm a buyer again in the low 5's.
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