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Biotech / Medical : Biomatrix (BXM) Looking Great -- Ignore unavailable to you. Want to Upgrade?

To: Dick Richardson who wrote (512)	7/20/1999 10:41:00 PM
From: Dakota Sullivan	Respond to of 569

dick, I'm an older hand at trading but new to BXM. Believe me, I'm no heretic and hope Biomatrix does fine long term and makes everybody filthy rich. Be aware however, that a lot of smart money is short this stock right now. Just try finding some shares to short! I know at least one hedge fund short over 50,000 shares. You might either want to close your eyes and commit to the long long term if you believe in the company or else wait till BXM takes out low teens and disgorges all the shorts. Dakota

To: Dick Richardson who wrote (512)	7/20/1999 10:54:00 PM
From: James Baker	Read Replies (1) \| Respond to of 569

I am long BXM have have been for some time. There are many shorts out there rooting against this stock and company. The pluses: look at their sales and earnings growth. Barron's this wk has the 100 best fund managers. One of them has BXM as its 3rd largest holding. American Century Heritage also owns BXM as 2.8% of the fund and tied for #6 holding. Major pharma companies are paying millions just for the privilege of distributing and selling SYNVISC. BXM has become a big momentum play. I say it will not go below 20-22 and I hope will hit 32 soon. the opening was delayed the last two days with order imbalances and bigs jumps up to start each day. these are big buyers thinking owning BXM is where to be. If you want to trade BUY LOW and sell high. If you want to short better to short it after a strong jump up. But then it might just keep going up. Jim