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Biotech / Medical : VISX

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To: Gullapalli who wrote (1249)	8/4/1999 10:09:00 AM
From: Angler	Read Replies (1) of 1754

Gullapalli: Remember that all of us are into many other issues. The laser stocks are, perhaps, only 20% of a portfolio which is not doing well? With Greenspan standing by with an axe and the critical employment report coming out Friday, folks are profit "saving" maybe not profit taking. Institutions are registering profits. My take. The key to this attitude is the market opening "UP" in the morning but always fading at the end and in a declining market. Speculators are not waiting to get out. Along with them some investors with long profits are not going to watch forever without getting the idea. IMO I know one trader type who has been in and out of VISX 3X since I bought and held. He claims he's making more profit than we do. His current plan is to get back into VISX in the 80s - maybe less. The last time he bought, the price was under 50 some 8 weeks ago. Angler

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