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Biotech / Medical : MEDQ - Medquist

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To: Mark Peterson CPA who wrote (31)2/3/2000 3:01:00 PM
From: stephenmazda  Read Replies (1) of 42
 
MedQuist reminds me of Warner-Lambert's first year with Lipitor. A rumor spread on the net causes day traders and odd lotters to dump the stock for no fundamental reason at all. Then the funds start selling to drive the price down to a number that they believe will take out all the stops, in effect crushing the little investor. Then the big boys come in and buy it up cheap. After Warner-Lambert's price was crushed from 155 down to 108 it rebounded to 180 in 12 months......split three for one....and today sits at $95. My upside target on MedQuist is $60 - $75. It is growing as fast as some internet stocks. - Mazcity.com
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