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Biotech / Medical : URMD -- Huge market potential

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To: Steve Rubens who wrote (63)6/26/1997 7:05:00 PM
From: hoffy   of 369
 
There was another release as well. The CEO stated that they are adopting a shareholder rights plan to try and prevent a hostile takeover bid. He said he is not aware of any such bids but I am sure something caused them to do this. He said that the stock is way undervalued and that the potential of their marlet is very big. With the low price and a possible big influx of revenues I am sure a lot of people might be looking to take them over. The stock closed going higher in a bad market. It had traded in the 10 dollar range not that long ago and I think it could get there, with some bumps along the way at 7. That's where some resistance lies. But I think we'll see that in the next 2-3 days. Look for a gap up tomorrow and a continuing uptrend.
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