OT - I see you are up to your usual tricks of attacking the messenger.
The story on SNRS has not finished playing out, there are an increasing number of vision centers that now place both LTK (SNRS) and the LASIK equipment, as I suggested would occur. The economic slowdown has impacted the number of discretionary procedures (for vision correction), and understandably slowed the installation rate of equipment in doctors' offices. I do not count out SNRS, even tho I had flipped out my SNRS shares when it was clear the stock was not going to advance. You make incorrect assumptions that when others invest it is only for buy-and-hold... In the bear market we have/had been in, holding a long position was a losing proposition, and institutions and retailers alike were wise to head to the sidelines to preserve capital.
Your general remark about share price could easily have been directed at other companies that were hit with a slowdown of future orders, such as LU, ERICY... both are 1/4 what they were in Aug'00. In the vision correction sector, EYE (VISX) has held up well, as the entrenched supplier, but margins have diminished, and on their CC's they have acknowledged pressure coming from other equipment makers and techniques. SNRS has a tough road ahead, which is why I am not invested, but have them on my 'watch list.' If they can hang on until the economy recovers, without diluting their stock, they have the potential to do well. |
