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Biotech / Medical : The Stock for 1999(Polymedica)PLMD(Medical Supply Co.)
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To: Sam who wrote (2975)12/6/1999 1:20:00 PM
From: Harold V  Read Replies (2) of 3414
 
The short sellers are still at it, even tho' PLMD now has the support of 6 strong buy and 2 buy recommendations from various agencies. In spite of the fall off/push down in prices last week, PLMD's demand/price chart is giving us a "Hold" signal--not bad for a stock that is being so heavily manipulated. Maybe someone can enlighten me on how short sellers make their money. Sure, they pick up shares from investors who either panic or face margin calls, but they then have to turn around and sell mega shares to drive the price further down--shares that they just picked up above the value of the shares they're using to drive the price down. Maybe I can't think in vicious enough terms to get it, i.e., get how those who are driving the price down can turn a profit. Even if they get to buy more shares than they're using to drive the price down, those share are worth less, maybe far less, than they paid for them. Hmm Harold V
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