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Biotech / Medical : PLC Systems
PLC 30.130.0%Dec 14 4:00 PM EST
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To: James A. Winters who wrote (638)4/22/1998 11:14:00 PM
From: The Thrifty Investor  Read Replies (3) of 1202
 
I sold out at a profit. My concern is that even if they get full FDA approval the competition will be great. There is too much uncompensated risk that one takes at this point that the business will be solidly profitable. This will not matter on Friday. If PLC does get approval, look for a spike. However, if I was still in the stock on Friday, I'd sell it just after it appears to have peaked on the spike as I'm not comfortable with the longer term. I'd put the chance of full approval at 80%. However, if it does not get the approval - watch out.

Regards,
The Thrifty Investor

P.S. Too bad they can't announce that they plan to sell these laser systems on their website. Few people have credit cards with a high enough limit. :-)
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