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Biotech / Medical : Spine-Tech (SPYN)

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To: Stratajema who wrote (78)1/28/1997 2:18:00 PM
From: Stratajema   of 242
 
The fast money and fearful are exiting this stock as speculation about this quarter's revenue hangs in the balance. This will be the first quarter since FDA approval and it will be a very early indicator of revenue ramp-up. I think it is unfair to judge this company after only one quarter but then again I'm not working on Wall Street. Newer analysts covering this stock have initiated hold recommendations based soley on the lofty share price, then at $22 to $28. I plan to re-establish a position in this stock after earnings are released and the downtrend abates.

Regards,
David
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