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Biotech / Medical : FPA Medical Management - FPAMQ

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To: Douglas V. Fant who wrote (446)4/22/1998 5:19:00 PM
From: gregor  Read Replies (2) of 1110
 
Douglas:

PHYC IMO has formed a double bottom in the lower twenties. Once PHYC recovers to the upper 20's if there is any truth to buyout rumors then I believe FPAM comes back into play.

At least today confirms a pretty good technical bottom. As we have said before, prepare for the worst and expect the best.

One last point: I believe the short interest ratio has been blown out of proportion. I feel a lot of the shares are locked into long positions after all the buyouts and many investors, doctors, or the like are merely sitting on their shares not wanting to create a taxable event in any direction..gregor
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