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Biotech / Medical : North American Vaccine (NVX)
NVX 1.035-5.5%Dec 30 3:59 PM EST

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To: kech who wrote (18)1/22/1997 7:35:00 PM
From: Don W Stone   of 35
 
Tom ; I have been in NVX since 1993 in varying amounts. One thing I have learned about stocks like NVX is indeed as you so indicate there isn't alot of news. A second thing is the stock is highly volatile when volume dries up as it has lately while all are waiting for FDA approval news. Please don't interpret it as , "somebody may know more than me so they are selling". That won't happen .
Today the stock was off 1/2 by around 9:45am on less than 6000 shares as I recall. It held there most of the day. The total volume for the day was a meager 43,400 shares.

My feelings today are that NVX is on the eve of having the Street that now looks on them as a high risk biotech company, start to recognize them as a growth stock with fantastic opportunities in the lucrative fast growing pediatric vaccine business.
That is what will happen IMO, and I am in good company, once NVX has FDA approval and such approval is indeed imminent.

More on volatility:
When the volume dries up as I mentioned earlier NVX is definitely more volatile.It doesn't take much buying to have it gap up nor much selling to have it gap down .With institutions now holding most of the float and sitting on the side lines, that is the way NVX is going to behave I would assume till the big news comes out. At that point you definitely want to be LONG cause NVX will be going UP, BIG TIME, IMO.

I have never been more bullish in NVX than I am now. All it takes is PATIENCE, PATIENCE, PATIENCE :-}
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