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Biotech / Medical : Nortran Pharmaceutical -NRT.V -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (650)	5/11/1998 10:26:00 AM
From: stock talk	Respond to of 1185

Just a thought, I have been playing NRT & IZP for the last 3 years or so. What I have done is sell each one at its high and move into the weaker one. They seem to move in different directions. FWIW, NRT is having net negative inflows and IZP just turned positive. So I sold NRT(at 2.90 and bought IZP at 1.00) and bought 3 times the amount of IZP shares in an up trend. Let see if it works for the 4 time.

To: SOROS who wrote (650)	5/11/1998 12:45:00 PM
From: Edward W. Richmond	Read Replies (1) \| Respond to of 1185

Soros, I agree with your optimism about Nortran over the long term. My experience has shown that junior biotech stocks suffer from fickle investors (speculators) who will jump in and out of a stock quickly. This leaves Nortran, in the near term, vulnerable to great volatility that has nothing to do with real value. Also, shorter term investors, at least in my companies, tend to become bored after a stock reaches a plateau during the ongoing trials and further product development. This plateau, in my opinion, could be in the $3.50 to $4.50 range in Nortran's case. If there is a disappointment in the process, of course the stock will take a major hit. Nortran is protected to some degree by its multiple product line and the fact that a firm of the stature of Hoffmann-LaRoche has done its due diligence and decided to form the alliance. If the stock gets beaten down enough, I will add to my position. I'm looking to attending the AGM on Thursday. Perhaps I'll meet Wisee there. Regards, Ed