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Biotech / Medical : PLSIA (Premier Laser Systems)
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To: Pluvia who wrote (1566)5/5/1998 10:27:00 PM
From: Tom Dooley  Read Replies (1) of 1773
 
What are your thoughts on a technical rebound here near-term? The stock is emerging from the most oversold condition in which it's ever been. I got in Friday at 6 1/2, obviously a little too soon, but I still think a positive bounce is near. Given that the stock didn't open a 5 this morning, and how it held steady today, I'm keeping my money here.

I reason that either the recent news was more or less expected and already discounted into the price, or that there just aren't many sellers left out there.

Of course, sometimes when things can't possibly get any worse, they do. But I'm banking on the rebound. After all, lasers are the stuff of the future. Tons of money to made in this business. Just have to hope there are some more buyers out there that share the same view.
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