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Biotech / Medical : ARTERIAL VASCULAR ENGINEERING

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To: Jeff Gurian who wrote (296)11/5/1997 8:44:00 AM
From: Zeus549  Read Replies (1) of 339
 
Jeff, I wish I had your confidence in this stock or the market in general. I'm still on the sidelines. On AVEI, I just can't justify the forward PE's that are already factored in IMO. It could pop up on momentum still with the right news announcments, but ultimately it seems to me that it will drop back for perhaps a lenghty consolidation until it actually starts showing it's really going to make the money. Long term I'm bullish on the stock, but short time I think it is already overvalued and primed for a pull back, especially if the market does so.I guess right now I'm just nuetral to bearish until I see something to change my mind.
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