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Gold/Mining/Energy : Nuvo Research Inc -- Ignore unavailable to you. Want to Upgrade?


To: Greg Spendjian who wrote (692)1/12/1998 4:37:00 PM
From: CIMA  Read Replies (3) | Respond to of 14101
 
Spoke today with the broker who has the reputation in some circles as being a big mover and follower of DMX. He described this as a highly speculative stock. He likes the risk-reward consideration. He has used Pennsaid himself and says it works. He expects approval followed by major marketing next year. He sees EPS of $2-3 and a stock price of $20 to $40 assuming approval. Conversely, 50-70 cents without approval. He is in the stock as a long-term investor and the hot money traders are largely responsible for the price variations.