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

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To: kendall harmon who wrote (296)9/20/1999 6:57:00 PM
From: W Shakespeare  Read Replies (1) of 413
 
I find it interesting to note the lengths that analysts and journalists will go to explain irrational stock movements. If the stock was really plunging due to fears about industry pricing pressures, why would LVCI's main competitor's stock rise today? Perhaps there were investors who held 5,000,000 shares of LVCI who were out of the country on safari who just got back over the last few days and hadn't seen last month's newspapers yet. Stupid, stupid, stupid!
If LVCI stock can hold over $15 tomorrow, then we may have seen a short-term bottom. If not, then there is no way to determine when or where the bottom will occur. Institutional sellers will sell at any price if they are caught in a stampede. I will continue to buy as the stock falls.
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