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Biotech / Medical : Genzyme Tissue Repair (GZTR) -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (2529)	3/7/2000 10:40:00 AM
From: Greg Jung	Respond to of 2553

Well Biomatrix got clipped this am with a downgrade, I'll take the 90 day guaranteed version.

To: Knighty Tin who wrote (2529)	3/7/2000 8:09:00 PM
From: Greg Jung	Read Replies (1) \| Respond to of 2553

Does BXM price make sense, or is there an unexploited arbitrage there. BXM shares in deal get $37 cash or 1 share of new company. Downgrades were made (The one analyst that wouldn't revise upwards their target) and stock dropped, ok but you can sell a May 35 put for $6, etc. and BXM is at $30. The price acts like it is simply a cash buyout - I don't understand. It doesn't look rational. You can buy BXM and try it out for a guaranteed 20% return or 1 share in a new biotech development company that might give you much better returns. Conference calls: gztr Wed a.m., gzsp later in week.