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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 (629)4/22/1998 12:21:00 PM
From: Rick Costantino  Read Replies (1) of 1202
 
I see your point, but beware when trying to predict a stock, it can often lead to a mistake. The best approach is probably to buy and hold if, as you say, you really believe they will get FDA recommendation/approval.

Often there is a "sell on the news" and a move down, but it usually goes back up after sellers are gone. However, that scenario is usually based on the stock going up before the day that the panel recommendation gets out. Since PLC is now dramatically trending down, I suspect people are betting for rejection, and an approval may go up in this case. But who knows? I'll wait and see.

Rick C
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