Palomar Medical Technologies, Inc. Message Board

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Biotech / Medical : Palomar Medical Technologies, Inc.

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To: Dan Lisman who wrote (627)	1/20/1998 11:59:00 PM
From: David Wise	Read Replies (1) of 708

two points: 1. this sale is just PMTI's UK based subsidiary. Don't know how big. 2. This article came out after market closed, so is not likely reason for surge. PMTI has picked up in volume and price last 3 or 4 trade days. With 4 million + shares today, together with a big % price gain, it could signal renewed faith in co., or earned confidence in new CEO, or something still unknown to you and me. MOMENTUM is the key, here! Also, last weeks report of 2 months sales of $6 million from Coherent (?), if extrapolated, could mean $9 million per quarter, or $36 million per year. Could be less, but could be more, since they just started selling PMTI's lasers. Good luck to long termers like myself! I picked up some more shares today.

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