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Biotech / Medical : Biosource International

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To: Frank Brisebois who wrote (33)	2/12/1997 4:22:00 PM
From: Joe Howard	of 696

Only Mr. Market knows. The true reason is anyone's guess, but my 2 cents worth revolves around both the mutal fund inflow numbers and the technology sectors. Mutual funds were reported to have received upwards of $24B in January, up from $12B something in December. Looks like people jumped in with both feet for the new year. However you read that (good or bad) it does show renewed confidence by the individual investor. The market might of shaken off some of it's correction worries (if only for and hour or two) and everyone breathed easy for a day. Confidence in the market is contagious, just look at the marathon this Bull Market has run already. Scary! I beleive even more importantly technologies reversal to the upside today, is major league good news. On the volatile days, the techs can drive the whole market up or down. Today, technology took a stand, and the whole market stood up as well. All of course is IMHO. And there are probably a few hundred other valid reasons why the support was there today. Now if we could only get that earnings report from a company we all know and love (maybe not all), I'd be much happier.....I suspect. Joe

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