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Biotech / Medical : ABMD - Replacement Heart System
ABMD 381.020.0%Jan 3 3:00 PM EDT
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To: High-Tech East who wrote (106)1/4/2002 3:20:51 PM
From: Logain Ablar   of 147
 
I came over here since one that stalks me has been pumping this since $30.

From a TA perspective on PnF. Next target will be down in $12 range. [The stalker didn't like my read when it was in the mid 20's either]

stockcharts.com

Fundamently the company sells a product not covered by medical insurance and only acceptable to humans with body frames over $180 pounds (eliminating most of the female population). So while the product is beneficial what is the market $$ potential.

I'd assume by the time they can expand their market and generate revenue other competition will come into play. Like the thigh muscle implants being done in Europe or maybe some other genetic break through (10 years out). This still assumes they can over come the issue of the patient dying due to complications from drugs being taken to minimize rejections (I assume this is the issue only made worse by the poor health of the candidates of the product).

From this perspective I'd say the $12 range won't hold. The one fundamental plus is the balance sheet and cash.

For any in this stock I'd recommend selling now and moving the funds into another company (not biotech @ this time) with a higher probability of recouping your investment.

JMO's & good luck
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