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Biotech / Medical : Laser Vision Centers, Inc. (NASDAQ: LVCI)

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To: Robert G. Harrell who wrote (403)12/28/2000 12:24:49 AM
From: W Shakespeare  Read Replies (1) of 413
 
The market is stupid and mindless at this point. Tax selling does not assign a rational price to a stock.
Case in Point: VISX reports that it is facing trouble collecting from some of its customers. LVCI responds that it is not the troubled party in question. The news is good for LVCI: its competition, that is selling procedures at low prices, is starting to crumble. Further, LVCI states it will buy back up to another 10% of its stock. The result: LVCI stock gets killed!
The market is only rational over the long-term. I think we will see significant gains once the market begins to separate the winners from the losers in this industry. LVCI is a winner.
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