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Biotech / Medical : The Stock for 1999(Polymedica)PLMD(Medical Supply Co.)
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To: Bryce Elkins who wrote (2791)8/29/1999 7:28:00 PM
From: Sam  Read Replies (1) of 3414
 
The next two weeks in the market will be lower volume due to being short weeks, with vacations and Labor Day weekend.
The last three days of last week saw institutions selling or shorting PLMD, five to seven hundred thousand shares a day. That doesn't say much for rumors. The demand faltered at $29 9/16. Monday, if PLMD can't start early up strongly (over $29 9/16) on heavy volume, it won't be able to reverse it's sell signal. I expect the fade to continue until the week after Labor Day week.
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