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Biotech / Medical : PLSIA (Premier Laser Systems)
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To: Marvin L.Covey who wrote (1438)1/3/1998 9:25:00 AM
From: kvogel  Read Replies (1) of 1773
 
Marvin,
The real high for the day was 8 I believe. The 10 was clearly a bad print since both the warrants would have traded at significantly higher prices if it was a real print. Some services show 8 5/8 but I think that is also a mistake. Still PLSIA has bounced off the 7 1/4 which was at the lower end of its upward trend line so things are looking better all the time. The warrants will be exercised by 5 PM on Monday and that will take the arbitrage game away. I expect a nice upward progression starting next week. Still waiting for FDA approval of dental drill for children. OISI will trade on low volume IMHO since management and PLSIA control over 50% of stock. I think PLSIA may very well take them over but we're not talking big bucks either way.

Karl
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