Vasomedical Inc. Message Board

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Biotech / Medical : Vasomedical Inc.

VASO 0.173

+1.5%

3:27 PM EST

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To: Antonios Petropoulos who wrote (359)	5/6/1997 9:35:00 AM
From: Jack Ucci	of 1605

Of course some patience is good idea. How much? If you buy in NOW then certainly I agree with a December reevaluation. But my buy was 5/96 and the suggestion of patience to such a stockholder seems less valuable. Moreover I have a year of watching this stock and frankly little has happened to restore my hopes in it. Every announcement/development has failed to rally this stock. The only thing propping it up is its initial idea, which is now old news. And past rallies have basically been trading moves: bargain hunters buy low and then shortly after selling occurs to resume the erosion. And add to this the last report of near zero revenue. Patience in a stock like vaso faces another test: it is not the only game in the cardio-game, and other new therapies have in the past have gotten much better press. True I am unable to assess the virtues of all these therapies, but I do know that the only support for eecp is anecdotal. Despite this I am currently a large (and disappointed) shareholder and have not sold any of my position. But the basis for my purchases has in my opinion disappeared. Enough information has been revealed to indicate that vaso's strategy is not likely to succeed anytime soon. $3 looks good now when you can buy at $2.0625? True but if $2 is not the bottom then $3 might also be out of reach. I think that currently there are a lot of potential sellers at $2.50. I still think this stock needs dramatic news or a takeover partner with deep pockets. I realize that these SI threads are more suited for positive, hopeful comment and so I understand that my current opinion will not go down easily. But I think the burden is now on vaso's promoters to argue how this stock can start heading north (of $2.75 please!).

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