PLC's 'Heart Laser' Message Board

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Biotech / Medical : PLC's 'Heart Laser'

PLC 30.13

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Dec 14 4:00 PM EST

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To: Stanley L. Freedman who wrote (35)	7/9/1997 1:42:00 AM
From: nelli	of 47

I figured this out recently, and it may or may not be true for PLC, but consider this: There is nothing that we know that the market doesn't know regarding the approval process. In fact we probably know less. Approval is expected so the current price probably reflects the laser being approved. If the laser is approved then it will get a nice little pop. The players who bought in for the approval hysteria will sell after approval. That will keep the pop from being too big. The corollary is that if it is not approved then there will be a huge drop. Note that when the Motley fool misprinted the dates for panel meeting the price only got up to 23.5 or so. I have a feeling that that will be the resistance until the meeting, and then after that is a whole new game. Also it's already had a nice run up from 16 to 23 so this is may also be a breather until the meeting. Whether it can break 23.5 will be determined by overall market sentiment. But this is just my recent observations on this approval process and how it affects the biotech stocks. I hope we get over 23.5 but I have a sneaky feeling it's not going to happen. Nonetheless, go PLC!

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