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Biotech / Medical : The Stock for 1999(Polymedica)PLMD(Medical Supply Co.)
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To: Sam who wrote (2865)10/2/1999 3:29:00 PM
From: kendall harmon  Read Replies (2) of 3414
 
Sam, I have not been in, although I was in on the way up, and I think it is attractive at current levels.

There are different styles for different traders. I use charts but do a lot of research and call myself a conviction based trader for that reason. Others may not need a reason, but I certainly do. It is especially important because little investors are very often the last to know.

Profit taking and the secondary offering are the two reasons I can see for the down move, which really accelerated recently. the key question now is is there any other reason.

I think it is attractive here and will go up into earnings in later October. Time will tell.
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