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To: John S. Baker who wrote (395)	5/8/1998 10:19:00 AM
From: Robert DeHaven	Read Replies (2) \| Respond to of 1510

Manny & John et all: Look at the MACD stats this stock is under serious accumulation....this should not to be taken lightly or traded for short term dips....trading like this is usually indicative of a huge institutional order (200,000+) I believe there may be multiple orders like that given the strength of the bids, OBV, MACD and just plain ole gut feeling....we are headed much higher. The option premiums also are indicative of a higher stock price. The recent private placement was done at a premium $14+ while the stock was at 12...the total $10 mill was potentially $20 mill but the company again doesn't want existing shareholders to be screwed or think they were screwed....When the stock price reaches $20+ the shareholders naturally will look back and will be asking boy did those guys get a sweet deal. This company is years ahead of companies highly touted recently like ENMD....The pro's know this and have begun to put up $$$.... We'll see.... once we break 14 3/4 most overhead resistance will be much lighter. good luck, bob

To: John S. Baker who wrote (395)	5/10/1998 12:30:00 PM
From: Manny Gugliuzza	Respond to of 1510

yes. i believe this is what has happened and it seems to be at 13.25. good to see it close above 13 best weekly close in 2 years. very bullish. also focus on potential earnings .50 cents estimates still but with a little higher multiple tolerated for this industry now at 30.5 = 15.25 to test. this is the upper end of the early cup formation exactly 2 years ago on the monthly chart. when approval comes the real estimates will start to flow although we do have some ideas for these now with earlier post from EM. hope to get filled on those june 15 calls early next week. had to expect this short term weakness after this runup to recharge over the 15 mark. and i agree it would look very foolish of the company not to go to the annual meeting with out major corporate sponsor they have been tooting for their eventual production. instutional buying is just starting to report for the this past quarter. will update as they come in. good luck here. this can be just as tough going as it was back at 9$. feels a little better on this end eh? ar.