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Biotech / Medical : Novacare (NOV) breaking out... -- Ignore unavailable to you. Want to Upgrade?

To: Sigmund who wrote (256)	3/27/1998 2:56:00 AM
From: Todd D. Wiener	Read Replies (1) \| Respond to of 420

Sigmund- I don't know what's the motivation of the Yahoos over there. But I have reviewed the recent 10-Q, and I don't see any increase in accounts payable, which was OXHP's problem. The financial statements look fine, unless I'm missing something (possible, but unlikely). I've spoken to the company, and business is good. Some of the negative posters on Yahoo! have made it clear that they're not happy with the stock's poor performance over the past several months. I wouldn't be surprised if they bought at $17 and have a big loss. They could be disgruntled employees. Furthermore, a few of those folks don't seem to understand the importance of advertising the NovaCare brand at Philly sports events, or as part of a new Eagles sports center. I remain skeptical of these individuals, because it appears that they are misinformed or uninformed. We will see what happens with the upcoming quarterly report. If anyone's nervous, they can always buy May 12.5 puts. Kelvin- I think now is a good time to buy. If you want to be certain of a breakout, buy NOV when it moves past $14. It should be good for a $3 run after it breaks out. This may not happen until the last week of April, when the Q3 earnings are released. Todd