QDEL - Quidel more quick diagnosis Message Board

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Biotech / Medical : QDEL - Quidel more quick diagnosis

QDEL 24.35

+14.3%

Nov 21 9:30 AM EST

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To: Howard Schellenberg who wrote (782)	5/12/1997 2:17:00 PM
From: Bill Ounce	of 1693

Rumor and hype rumor The specific rumor I was referring to was BDX dropping the lawsuit: techstocks.com hype Your prediction of a $6.60 price tommorrow on earnings of .12/share is wildly optimistic at best. (1) The present P/E of 22 is supported by people who bought in before the lawsuit. Some of them will be waiting to bail on good news. This should dampen any huge upward spike. (2) This stock tends to move at most a buck a day. It took a week for it to bottom out on news of the lawsuit. Earnings drive stocks long term. If they pull .12, we might see 6 5/8 in a week or three... However, this assumes that the "scare value" of the lawsuit is accurately represented by a P/E of 22. Don't know about that. Looking forward to tommorow's information. Hope things work out for all long QDEL investors tommorrow.

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