To all; Altamira Special Growth has 136 or so stocks in small cap range, in their fund. Of the top 10 holdings (25%) one is Synsorb, at 2 or 3 %. The fund manager is very bullish on this stock, and in a seminar (Toronto Feb 25) described its lifesaving properties.
To me that was a good sign, and I picked up some more shares at 10.75. It looks to me like Synsorb isnt going to drop down much, unless somebody does something stupid.
In a general market crash, SYB would be a good stock to accumulate.
If, however, Syb got sued, I would perhaps review my holdings.
News today: Syb is moving into a production phase? I would conclude that they are going to produce new product fairly soon, so expect to sell it, which implies a non-milestone revenue increase! Idle speculation of the ill-informed. (me)
Synsorb Biotech Inc SYB
Shares issued 16,084,520 Feb 26 close $10.70
Thu 27 Feb 97 News Release
Mr Brad Thompson reports
Dr R.M. Ratcliffe has been appointed vice-president, chemical development
and manufacturing.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com |
