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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Roger Schelling who wrote (91236)4/2/2000 7:34:00 PM
From: Jenna  Read Replies (2) of 120523
 
PCHM. No its not forgotten just unrecognized. PCHM has come out of my scans but it will need more FDA recognition and analysts support to move just yet. I think its a very good find. And you are wrong about its not being important enough. When earnings for this neat and "key" company in drug detection came out on February 17, the stock shot up and the volume came nicely. The average volume in a day is more than PHCM was over a year ago. Around the 3rd of May some more earnings will be out. I'd be a holder of this stock around that time and probably pending more FDA news.


Date        Open    High   Low  Close   Volume 
    
22-Feb-00    5.375   5.50  4.75 4.8438 193,500 
18-Feb-00    4.3125  5 4.  3125 5       50,300 
17-Feb-00    3.625   4.375 3.50 3.9375 166,200 
16-Feb-00    3.50    3.625 3.50 3.625    2,000


This is a good pick and its just the way I discovered its twin PHCM, when that was trading at just 11,000 a day and that's just history now.

PharmChem is a leader in the field of providing services to clients seeking to detect and deter the use of illegal drugs. PharmChem operates fully certified forensic drug testing laboratories in Menlo Park, California, Fort Worth, Texas and London, England
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