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Biotech / Medical : Biomatrix (BXM) Looking Great

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To: Steve Research who wrote (490)2/11/1999 6:09:00 PM
From: Harold Beckwith  Read Replies (1) of 569
 
Why has Biomatrix pulled back 25%? The stock is acting just like it did before last earnings. I believe fear has returned to this stock as well as the shorts. Many are spinning that Cox-2 inhibitors will impact their sales. Not so, they are not any more effective than NSAID's in term of pain relief. There is a great opportunity in this stock. Earnings are expected to be .41 to .45 in Q4,'98. I believe just like before shorts will be surprised and the growth in this company is just beginning. HB
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