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Biotech / Medical : PLC Systems

PLC 30.13

0.0%

Dec 14 4:00 PM EST

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To: Rob C. who wrote (556)	3/4/1998 4:50:00 PM
From: Mark J Trudeau	Read Replies (1) of 1202

ESTI witnesses the "CNBC Effect". What you have here are numerous fund managers (who have followed ESTI) dishing out their holdings to the thousands of little people who were hyped up by CNBC this morning. It's been seen before. IMO, we now have 3.7 million shares held ny little people, who will soon(maybe tomorrow) realize that the stock is over-valued, and try to take a profit from today. It won't work for most, unfortunately, and we'll see ESTI=8 sooner than they think. On the other hand, the fund managers will be waiting to buy it back at 6.5-8. We'll see. Investors have to be careful of jumping on something CNBC shows. Only the investors that have followed ESTI made out on this one, and only if they dumped the stock today or first thing tomorrow.

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