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Biotech / Medical : Lifecore Biomedical (LCBM)

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To: Mike who wrote (30)1/10/2000 12:30:00 AM
From: Mike  Read Replies (1) of 43
 
Still talking to myself but making some money on LCBM.

Well we are in for a important week in the life of LCBM. We have the panel meeting on Jan 12 on Intergel and earnings this week. We may see one of two things happen. Either we have run too hard coming into this news and will have a selloff or we will see new all time highs.

In the past, buy on the rumor sell on the news,situation has occured with the stock. In the short term I am not sure which will happen. If we start to see rising volumes I may get in for some short term shares. Longer term no matter what happens the future looks bright.

I anticipate we will get FDA panel approval on Jan 12 and earnings will show improvement. I hope that with the delay on Intergel for the panel that full approval will be soon after. The real test will occur six months following full FDA approval on Intergel. My prediction is that LCBM has selected the right partner and the business plan is sound.
So if you buy now at the $20 level you will be rewarded.

One question, has anyone heard anything relative to B&L product and the approval process. This would be a nice piece of news.

Any other comments or info is greatly appreciated,
Mike
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