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Biotech / Medical : Isolyser (OREX)- Any comments
OREX 0.223-34.4%Apr 3 5:00 PM EST

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To: W. Kent Ward who wrote (233)1/28/1997 7:49:00 PM
From: Eric Hovdesven   of 617
 
The zacks rating is what they e-mail you daily for a selected portfolio, i signed up for a thirty day free trial, spent one day there and have not had time to go back, but I still get the Zacks. When we all were first talking about Zacks and OREX the rating was 5, it went up to 3 then down to 4 around the time Morgan Keegan cut their pe estimate for next year from .15 to .10 and have now just gone to 5. This is a different rating than the broker average rating, Zacks throws in some other items, and I am not sure what. But I still think that Zacks is not a proper tool for a company like this in light of its explainable stumble and the lack of brokerage coverage. As to writing options, Well I do not have that large a position and it is certainly not a part of my income generation portfolio, so lets just say I do not want to write covered calls because this is my wish stock and I do not think its an unreasonable wish to see prices higher than 10 if the quarter's results are good and/or real progress is demonstrated. It may be wrong but I keep going back to the fact that analysts once thought that the market for OREX justified a price of $25. I agree that we will have to go through some more quarters to get a better picture of OREX's future but just in case I am not going to sell any calls. I can't believe it's ask closed at $8 today
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