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Biotech / Medical : Nortran Pharmaceutical -NRT.V

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To: James Reynolds who wrote (86)2/26/1997 8:39:00 PM
From: trustmanic   of 1185
 
James,
I keep this stock over a year now. It went up to 1.30 and I didn't sell it and its back to 0.65. Probably people still thinking about that $0.72 cents private placement. If you asked my opinion NRT is good for long term, but if you are looking for short term trade better buy something else. I thought the share price will go back to $1.00 soon but I was wrong. I think you will see it back to $1.00 in a few months time. Reasons: 1) They have money last until the yearend. 2) At least they finished Phase 1 and the pain killer will be the next one on trial. 3) If they find a strategic partner then they can collect royalty.
Every time when it drop to 65 cents I buy. 65 cents only last for a few days and then back to 70 level. Its up to you to keep it or not, but I think I can get many double back from this stock in the future.
regards,
George
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