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Biotech / Medical : Respironics
RESP 50.79+0.2%Jan 26 3:00 PM EDT
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To: Sam Citron who wrote (74)4/4/1998 10:09:00 AM
From: Thean  Read Replies (3) of 103
 
If one look at the 2 year chart of RESP below:

207.95.154.130

there is a strong support is at $14. The gap between $19 1/2 and $20 1/2 needs to be filled as well. However, based on the size of this drop and the suddenness of its happening, I expect class action lawsuit to be filed shortly, in particularly by the ex-HDTC shareholders. RESP may settle these suits eventually but they will cloud up the short term upside move. I would not be surprised to see 2-3 class action law-suit filed within 2 weeks and RESP takes a further dive to $14. Then I'd load up and wait 6 months for 50% gain.
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