With the below info why was the buying going on the day before, I guess it was buying, there was volume and the the price was rising.
Anyone know what was happening here?
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NuMed Home Health 3Q Losses 4c/Share Vs 3c
NuMed Home Health Care Inc. - Clearwater, Fla.
2nd Quar Dec. 31:
1997 1996
Revenues $5,720,465 $6,309,810
Net income (210,069) (139,388)
Avg shrs 4,958,502 4,918,705
Shr earns
Net income (.04) (.03)
6 Months:
Revenues 17,066,544 18,875,323
Net income (279,436) a (1,332,225)
Avg shrs 4,948,301 4,934,613
Shr earns
Net income (.06) a (.27)
Figures in parentheses are losses.
a. Includes loss of $765,000 on estimated contractual settlement.
NuMed said it hasn't recovered from the revenues lost when a major client
elected to develop an in-house therapy program.
NuMed, a provider of home healthcare services, temporary nursing staffing
and contract rehabilitation staffing, also said it is taking steps to offset the
possible negative of effects new laws applying to Medicare coverage. |
