YEEHAW CANDIDATES Message Board

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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Ken W who wrote (2683)	7/30/2003 11:14:45 AM
From: Jibacoa	Read Replies (1) of 23958

Ken: Re: MEDT The Up-trend that started on April 21 from the 1.80 level and was confirmed on April 30 with its intra-day H of 2.88, is still intact, albeit the stock has found resistance at the 4.50 level. The stock needs to have some consolidation at this point before attempting to test its more important resistance at the 5.30 to 5.50 level (from January 2003) It seems that the stock has been able to hold its position pretty good in spite of the heavy insider selling in mid-June. (Insiders have sold 10.4M or more than 60% of their holdings.)and that could be a warning sign.<g>.In May Needham started covering with a “buy” rating.(To facilitate some of the insider’s selling ? <G> ) A “goodwill impairment assessment” in the Q ended March 30, resulted on an assessment of $30 M with a loss for the Q of $1.10 per share. The stock sells around 0.7 of B and 0.55 of S .The trading volume since the end of June has been low. The shorts have been covering and the short position is now around 1 %. (I don't know how you calculate the PE at less than 2 since the earnings are on the red column for the past 12 months.) I would hold it as long as it can keep above the 3.70 level. siliconinvestor.com RAGL Bernard

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