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Biotech / Medical : QGLY - Funny Name Great Product.

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To: ralph keating who wrote (7163)1/9/1998 2:56:00 PM
From: Frank Perlmutter  Read Replies (1) of 8960
 
I don't think it really has anything to do with the stock. Look at the market. Another day of panic selling (down 170 right now)-- QGLY seems to be holding its own.

No worries here-- buyback is a little icing on the cake. People overreact all of the time on this stock-- I'm in this for the third time and the same pattern of pessimism based on rumor and conjecture always seems to come around and have the effect of artificially lowering the stock (guy selling 250,000 shares most recently). Not that this is necessarily bad-- it gives me a chance to get back into the company. Eventually the stock corrects itself based on the company's strong fundamentals and excellent growth rate... very cyclical, very predictable. Timing is everything on this one.

Good luck to all!
Frank
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