NORTH AMERICAN VACCINE (NVX) Message Board

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Biotech / Medical : NORTH AMERICAN VACCINE (NVX)

NVX 1.510

-3.8%

Oct 31 9:30 AM EST

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To: Tom Stone who wrote (6)	2/23/1997 12:33:00 PM
From: andy harrison	of 21

Short interest in NVX is up to 3,773,856 (ending 2/14/97) which is an 8% increase over last month. Most likely due to the article (or anticipation of) in Individual Investor magazine. I guess we own them a show of appreciation for piling more shorts into the stock. The professional investors I dont feel sorry for but rather the indiviual investors who will (hopefully) lose a great deal of money shorting NVX. NVX only traded 1,471,492 shares from 1/15/97-2/14/97 based on Barrons listing of average daily volume of 66,886. That means that almost 20% of the shares traded in NVX for that time period were shorted. I would say that the stock has again shown considerable strength. Once again I suggest that either March or June options be purchased and the better strategy is to ask for execution of the options which will force people to have to go into the market and buy stock, which in turn will drive the stock price up. I am holding March 22 1/2's which I plan on converting to stock.

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