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

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To: MGV who wrote (265)8/18/1999 5:34:00 PM
From: Robert G. Harrell  Read Replies (2) of 413
 
I just caught the last 20-25 minutes of the CC. The sell off today was apparently caused by misunderstanding of the pricing structure. LVCI gets approximately $700 per procedure regardless of what the surgeon charges. A price war between surgeons would only help LVCI if the lower charges produced more procedures. The sell off today was totally unwarranted. Glad I increased my holdings by 50% near the low. Will try to grab some more VISX cheap at the open tomorrow if it doesn't gap up. The sell off in VISX made even less sense.

Bob
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