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

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To: gmccon who wrote (321)10/28/1999 12:31:00 PM
From: W Shakespeare  Read Replies (1) of 413
 
I think it is a little more severe than "out of favor." I suggest "taken out and shot." If one new nothing of the absurd analyst downgrades that are now sprouting up, one would have to assume that the company had suffered some horrible disaster and was falling into bankruptcy. The truth is that the company is doing better than ever and is now fully priced for WWIII and WWIV.
I have great compassion for the poor analysts who are now downgrading the stock to save face (not!). These suffering, lost souls must give some sort of explanation for their extremely tardy downgrades. Perhaps if more investors understood the basic relationships between supply, demand, and price elasticity the stock would still be priced in the mid 30's. Alas, I believe economics is an elective in most schools and most investors took pottery instead!
I remain long and will continue to buy as the stock continues its death spiral.
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