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Biotech / Medical : FPA Medical Management - FPAMQ

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To: Douglas V. Fant who wrote (455)4/27/1998 5:20:00 PM
From: Intel Trader  Read Replies (1) of 1110
 
Doug, here is my opinion re FPAM. This holds only if the market goes either sideways or up from today's close:

a. we closed above the day's low, in spite of a downgrade (which was in my opinion late in coming -- what are these analysts thinking of when they issue downgrades after such a huge decline in share value??).

b. we haven't seen today's level since July, 96, a reasonable level of support.

c. I don't see much downside from here.

d. Lastly, you won't hear much from FPAM since they are in their quiet period from now until 15 May when earnings are announced.

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