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Biotech / Medical : PLSIA (Premier Laser Systems)

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To: D.J.Smyth who wrote (736)6/16/1997 10:15:00 PM
From: kvogel   of 1773
 
The technical patterns look very constructive to me. The MM's either have no desire to take the stock below 10 or there are buyers coming in at current levels. Even when they drop the bids they don't seem to get much stock. We need some news to trigger the next upward move which I hope will do better than the recent 12 7/8 top. I got the Z's and think they are safer than the common since they can't be called unless the stock does move up and will keep a premium if it moves down. Percentagewise you get more action when the stock does move up.
Karl
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