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Biotech / Medical : neog - Neogen's E.Coli Test adopted by Japan
NEOG 6.060-3.7%12:49 PM EST

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To: kenneth shopsin who wrote (293)1/25/1999 8:35:00 PM
From: Kramer   of 441
 
RE/Is something bad happening?/
Not as far as I know. From what is in neog's 10Q "As of January 1, 1999 the Company had purchased 184,900 shares at a total price, including commissions, of approximately $1,282,000." I would guess that neog has now probably purchased back all of their 250,000 shares. Apparently neog was buying, as they said in their conference call at about $7 and that was giving us support at the $7 level. It seems that neog thinks it is a buy at $7. From the size of the trades I am also guessing that the Darts are not selling at these levels, or just maybe they are out of shares to sell? It looks to me like smaller investors are selling. The end of the quarter is in 5 weeks and I'm anxious too.
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