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Biotech / Medical : BioLase Technology, Inc. (BLTI)

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To: Solarity who wrote (7)2/27/1997 6:26:00 PM
From: Bruce Doris   of 706
 
Erik,

What is your 10 month price target. I don't have much expericnce especially with a thinly traded issue like this. I have been watching the daily volume/price/bid/ask and the last few weeks are uncharacteristic I think? The bid ask spread has been widening. Do you think that the lack of FDA approval, (was this expected in Feb.?)so far has scared some people off? Ther are so few outstanding shares that if one institutional investor wanted to get in the price would go up fast. Any thoughts about todays action or is this a close your eyes and wait for big news to move the stock type of deal?
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