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Strategies & Market Trends : Stock Crashes

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To: Leo C. Bouchard who wrote (280)2/9/1997 2:19:00 PM
From: meng chua   of 400
 
Leo, what do you think about PHSS? Down about 54% to $7 1/2 with more 40% of the outstanding stock changed hand (only 8.5 million shares outstanding)! I have already seen this company third quarter financial statements and recent news, a lot of acquisitions but a lot of debt! However, those Wall Street guys like their aggressive acquisitions!

By the way, PRMO earning was out last thursday with 5 cents profit! However, the price is going no way, but the short-term is looking good!
What do you think?
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