QDEL - Quidel more quick diagnosis Message Board

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Biotech / Medical : QDEL - Quidel more quick diagnosis

QDEL 20.80

-6.3%

2:00 PM EST

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To: Robert Busse who wrote (1288)	12/18/1997 3:47:00 PM
From: Ambrym Man	Read Replies (2) of 1693

Did you notice how fast QDEL ran up to 3 3/4 on increased volume when the news came out. I have pointed out before on this thread how the average volume has been steadily declining, look at the volumes over the past year. The average height of the posts in the volume fence is definitely declining. IMO this means that the stock has been moving in to ever stronger hands. It is has declined on very small volume and when things get good people will have to pay to get this stock. As you have pointed out several times, this is one for patient investors. We seem to be stuck witha PE of 30 on trailing earnings. If the consensus estimate on Zack's (.07) is correct it is not going to help the stock price. But I think they are a tad low.

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