ARTERIAL VASCULAR ENGINEERING Message Board

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Biotech / Medical : ARTERIAL VASCULAR ENGINEERING

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To: Zeus549 who wrote (273)	10/16/1997 6:08:00 PM
From: Jeff Gurian	of 339

Lee, et. all- first of all- does anyone know when earnigns are due out for AVE? Im not sure what to think anymore. We have been talking about pullbacks for awhile now (ever since the mid 30's a few months ago), but it has never happend. I might have to amend my re-entry point higher. Mabye low 50s? I fear that people might just be holding tight until they get FDA approved, which could be in the next month or two based on Guidants fast approval. So far, AVE wont drop past the upper 50's without showing strong support. Amen on your call about the market. Almost everything I own was down today (AVE wasnt, but when has that stock followed the market). Ive been waiting for this for awhile now and I think, at least for the tech sector, Intel's news kicked all this off. Other techs were down despite better than expected earnings from CPQ, DEC, and TI. I think the market is now realizing that the future may not be so good as the past. Last time I saw this happening though, the market rebounded for the 250+ point gain. Of course I was in Albania and did not know it for a few days. Im not yet pessimistic, but I have little optimism. So have you started dumping yet?

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