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

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To: W Shakespeare who wrote (258)8/19/1999 10:21:00 AM
From: Angler  Read Replies (1) of 413
 
Thanks, W:

The downtrend in all laser entities certainly has been puzzling to me. I particularly looked at the P.E.s and guessed that those numbers were too high for heavy hitters in the market and they were running away?
However, I was still betting on next years' results and LVCI's report yesterday certainly bears out our optimism.
It appears that folks are so nervous today they are not able to buy and hold for even 6 months anymore. I have to blame it on new stock buyers using the Internet for gambling on immediate results. Lotto fever!
Earnings are suppose to drive prices. The little Canadian cut-rate company coming to California has me on their fax list. Their announced $999 low profit procedure can't hold up for long and the stats that their resume presents including expectations in financing presumptions for U.S. expansion look negative to me and probably to various classes of long term lenders (if such threats are scaring clinic industry support)?
Regards,

Angler
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