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Microcap & Penny Stocks : CardioDynamics (CDIC)
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To: David Wiggins who wrote (59)7/2/1999 6:57:00 AM
From: egoldie  Read Replies (1) of 201
 
The news reached you a little late. They were approved by HCFA (Medicare) late last year. The run-up in price was short lived because it did not materialize in a dramatic ramp-up in sales. The current run in price is likely due to 5 or 6 consecutive quarters of increasing revenues, with the last one the most convincing, giving this run a better chance at being sustainable, at least at the 2-3 dollar range.
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