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Biotech / Medical : Laserscope (NASDAQ LSCP)

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To: David K. who wrote (167)12/9/1997 9:00:00 PM
From: E.J. Neitz Jr  Read Replies (1) of 314
 
David, Some Additional Insight into LSCP

I am watching LSCP very closly. I like the relative strength of the stock compared to many other small-caps that have sold off drastically over the past few sessions. I am anxious to begin a multi day acquisition of the stock, but am held back because of how this stock acted a fews years ago, even with great news. It was at this time of December, and the results of QLT and LSCP role in light therapy were just announced. I moved into the stock aggressivly--then without warning--a group of institutions started to sell like mad--the stock price collapsed like a rock--went from around $5 to about $2.25 in a few days----all on great news! I am not saying this will happen again, but I prefer to buy close to the very end of December--when I can be certain all the year end nonsense has been completed by the institutions. Some of my best buys have been on December 30th and 31st. I really like this stock, but not ready to pull the trigger just yet. Stay tuned. Best wishes
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