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Biotech / Medical : Medical Industries Of America, MIOA

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To: David S. who wrote (72)3/24/1997 8:01:00 PM
From: insightful investor   of 570
 
People care about companies that are small because they eventually become big. This is an example of a company that is becoming profitable. Profits lead to stock price appreciation. By following the price performance of this stock, you lose the real value in this company. In the short term only the madness of the crowd determines the price of a stock. The trend in earnings determines the stock price long term. This company has had its stock price manipulated in a fashion that has kept its real value low so the overseas shorts can buy back their position. Management, however, will force them to cover by issuing a stock dividend within 90 days. If this doesn't move the stock price up, the Securities and Exchange Commission will by enforcing their rules on the shorts.
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