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Biotech / Medical : Laser Vision Centers, Inc. (NASDAQ: LVCI)
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To: W Shakespeare who wrote (380)1/24/2000 1:15:00 AM
From: Rob S.  Read Replies (1) of 413
 
The way LVCI has traded recently makes it clear how much this sector trades in unison. Despite statements from the company that procedures are coming in at a record pace the troubles of the other players has dragged the stock down. I think it is now down beyond what any events in the industry warrant.

Is this a good time to buy? I think if your perspective is at least a few weeks now is an excellent time to buy. If you are a trader it looks good for a short-term pop which should come next week. But mid term it is hard to say if the sector will drag it down some more before it starts trending up again. I haven't studied the competitors and suppliers to know if they are as fundamentally oversold but the Ta of the sector certainly looks that from a technical standpoint the entire sector is due for some rebound.

I think that when investors stop fleeing from the sector that LVCI will move up. If they come in with a respectable earnings report the stock should bounce regardles of the sector.

I bought more stock last week at near the low and will buy more if it dips this week. There is a chance that the stock will rebound nicely soon. But if not, then it should do well within the next 5-6 weeks IMO.
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