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Biotech / Medical : QLT PhotoTherapeutics (QLTI)

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To: Doug Lakin who started this subject2/9/2001 8:57:42 AM
From: sharesighted   of 1321
 
QLTI;a short perspective;»

Figures approx in US dollars
PE=230
Revenue/Share=$0.48
EPS was $0.035 which was less than Q3 EPS of $0.04
Analysts' reduced estimates after warning in December
that weak demand for its antiblindness drug Visudyne
would hurt results.
Estimates for Q1 2001 are but $0.046
Projection is company will earn $0.30 for 2001,
that would make the PE for todays price 100.
Way too high, this stock is going no where for now.

Then of course there is the gap to fill which looks to be $25.
And the chart indicates there will be resistance at the mid 30's.
If you are not short you could try pre-market or when it opens
short any rally,there's plenty of shares to borrow.
This stock may sink below $25 quite soon.

Yes I'm short from yesterday..
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