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Biotech / Medical : PLC Systems
PLC 30.130.0%Dec 14 4:00 PM EST
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To: ctirry who wrote (586)4/5/1998 10:11:00 PM
From: Steve H.   of 1202
 
Buy on the rumor? Sell on the news? Puleeease. Let's not get ahead of ourselves - it's not a cure for cancer. It's a 'mostly effective' treatment for angina.

This stock is too underfollowed to be subject to such "analysis". You either like the story or you don't. If approved, the stock WILL shoot through the roof. If it doesn't get approval, this one-product company will be worthless overnight.

There are a lot of fund managers looking for a home run (check the volumes and institutional holdings prior to the last FDA meeting). They're not going to risk getting burned again, so they'll wait to buy large when the approval comes through. It will be a bouncy ride up, but up it will go.

FTR, I am long at an average cost of $18.

I talked to their sole distributor for China in Beijing last week. (Chindex) The sales force is in place and the supply channels are ready. For medical devices, most countries wait for FDA approval and then give it the green flag in their own country. TMR will be no different. If China is an indicator, one could guess that PLC has similar partners and arrangements in other potentially profitable countries in Europe and Asia as well.

Business is good. The lawsuit will against PLC will dry up. The company will be profitable and will be acquired by a major pharmaceutical or medical technology concern. Bibity boboty boo.
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