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Biotech / Medical : Thermolase Corporation (AMEX: TLZ) -a potential 10-bagger.
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To: Joseph Asch who wrote (20)1/22/1997 3:37:00 PM
From: John Howell   of 95
 
Joseph,

I shorted this one above 30 and covered at 21. I wish I had stayed short. If this pig noses through the support level in the 14 dollar area it might become a penny stock.

There is no long term research published for this removal system. That's one of the reasons I have a hard time believing that the current technology can be marketed to the medical community; they demand standards of proof much greater than what has been provided for this product.

Thermo-electron would have better off going for the broader cosmetology market and competing against mainstream systems like electrolysis if they wanted to make money. The "upscale" hair removal market is probably a fraction of Thermolaze's market cap.

IMO, the firms that underwrite this type of issue are guilty of fraud, and companies that spin these outfits off to make a quick killing are run by con men.

Short at 14,

John
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