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Biotech / Medical : Biotech Holdings -- Ignore unavailable to you. Want to Upgrade?

To: Louie Romano who wrote (112)	6/29/1998 9:31:00 PM
From: William Whitehead Jr.	Read Replies (1) \| Respond to of 224

A Good Time to Accumulate Biotech is now trading at (or very close to) its 52-week low. There is no real reason to account for this except for the fact that many people are growing impatient and would rather sell now, take a loss and move on to another stock. Others are selling because they're being hit with margin calls and as often is the case - it is the penny stock that gets sold first. I believe that this is in fact a good time to accumulate the stock. There is little down side risk from here. Fundamentally, I believe the company is now profitable - the packaging division is doing well. The one thing I would suggest is also keeping an eye on the volume of stock traded on the Nasdaq vs Alberta. More Americans are onto this company than Canadians.

To: Louie Romano who wrote (112)	7/18/1998 10:21:00 AM
From: jacq	Read Replies (1) \| Respond to of 224

Thanks for your last posting of the quote by Morgan Grenfell. I somewhere have a copy of this floating around the house but have not been able to locate it. The mere fact that a respectable company such as Morgan Grenfell gives attention to Diab II is some indication of the potential this company has. Is Robin Peterson still an active contributor on this thread? If so I believe that with his permission that it would be a good idea to modify the opening remarks on this thread to incorporate some of the discussion in your post as I think that it is very succinct in stating what the company does and the importance of the product. Once again thank you for your contribution and good luck in your investments. Jacq P.S. I bought more shares July 10th. The offering board seemed a little unusual and as a former broker I have seen a lot of unusual patterns. Initially there was a market of $.65 bid with 11,000 for sale at $.70. I took the 11,000 offered at $.70. The market became $.65 bid $.75 offered. I put another offer in for 10,000 at $.70. I was filled on a further 5,000. Someone else placed a bid at $.71. No further trades took place that day. The next day the bid was $.55 with the offer at $.65. No shares traded that day. Here we are one week later and the stock closes at $.83 Cdn. Go figure.