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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 (248)1/30/1997 7:08:00 PM
From: Dennis E Carl   of 617
 
Hello Kent;
Back on track in this thread. Thanks for your earlier reply. I have not much to say so decided to "stealth" for a bit.
Have you noticed the number of trades on OREX the last three days?
~250 on 1/28 ~380 on 1/29 and 230 today.

The pig market makers increased the spread to 3/8 point. You would think if a stock had enough trades that the MM's could lower its spread. Funny how suddenly momentum picks up (for no apparent reason). My volume guess rivals yours: earnings expectations. While nobody can be manifested as impervious to investor psychological degradation such as selling into strength; especially when a recent run-up conclusion is drawn on expectations! I have tried doing a best vs worst case scenario . First worst: The company loses a few cents per share (yes, a moderate worst, not ludicrous worst). The price has been beaten up so bad since this summer that I feel the bottom price is mid 5 to mid 6. Next the best: (same parameters) a couple of cents to the plus. Does it restore some investor confidence (lost due to last quarters one time only charges)? Does it raise a few wall street eyebrows? Perhaps the stock jumps another 10%, but gains some attraction among investors. Perhaps some of those turnaround company watchers begin tracking OREX. Who knows!!!. Just some things going thru my head to determine if I should take profits on the recent strength and jump back on the bandwagon, if the upcoming quarterly is favorable or "hang in there baby". One certainty is present, with the recent number of trades, this stock has already caught a few eyes. That are your opinions?

Dennis
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