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Biotech / Medical : Physician's Computer Net (PCNI)

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To: Greg h2o who wrote (234)3/17/1998 9:38:00 AM
From: Gianluca Bacchiocchi  Read Replies (1) of 290
 
Greg,

Although we are all incensed by this company, I am also waiting a bit to squeeze back out as much as I can before moving on. It does appear that some news may be out there. Last week on the Yahoo thread (pardon me for cheating on SI) somebody wrote a couple of messages making it appear that there was some news. This person stated that another person had told him that the management was telling the employees to not by shares of the company right now because of potential insider trading, especially given the pending investigations. He went on to say that they were doing it anyways. I have no idea how reliable this source is. But one thing is for certain, and that is that this stock has doubled in a week. Do you have a preordained exit point? At first I considered 2, but we have blown by that today (currently 2 3/16). I would not be surprised if it hits 3 by the end of this week of the pace continues. If it does, I may unload half, and do a wait and see with the rest.

Gianluca
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