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Biotech / Medical : Summit Technology (BEAM) -- Ignore unavailable to you. Want to Upgrade?

To: james bravick who wrote (880)	6/10/1998 11:28:00 PM
From: virgil vancleave	Respond to of 1386

with all the mergers and buyouts lately, with beam's cash and equity position and no debt as well as patented technology, it appears that someone along the way may just buy them. i hope not as the premium would not be near as high as the capital gains we should see as this company turns itself around. i know one thing for sure, since the trend has been down or flat for some time there are very large short positions out there. that could spell good news for us longs in the end. seems to me the bottom is around 5 to 5.25. i bought 1000 at 6 1/16 and may just buy more if i can free up more funds. or i can use some margin, but i really don't want to do that with the technicals for tyhe overall market looking so bad. maybe i will buy some calls for dec. anyway, good luck