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Biotech / Medical : Palomar Medical Technologies, Inc.

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To: Diamond Jim who wrote (538)9/13/1997 12:19:00 PM
From: Eric A. Bartsch   of 708
 
With all the problems PMTI has already had, this is a day trade stock at best. I wouldn't stay in it for more than a few hours, or a couple of days, at most. This stock is not for the faint investor. It is similar to playing blackjack, but with a trading commission tacked on.

I wonder who would be interested in acquiring this company? Constant, significant losses; pending patent litigation with possible adverse outcomes; regular dilution; and products which apparantly do not work as well as everyone had hoped.

If you buy this stock, beware that you may end up holding an empty bag.
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