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Biotech / Medical : Eye Laser Industry - VISX and Summit BEAM Info

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To: John Liu who wrote (112)11/13/1996 12:31:00 AM
From: John Binford, Jr.   of 178
 
If someone wants a good history of events then read the Visx and Summit folders on Motley fool, and go to the graveyard and read all of the recent old ones as well. FWIW, I'm jquarlesb on AOL.

I think Summit will come under heavy end of year tax loss selling. Most people who have owned it have very large losses and would tend to sell at any price to realize the loss for tax consequences.

It might be worth picking up at $3. I see it briefly hit under $5 and is bordering on not being marginable. Its hard to believe this stock was at $38 last February when Muller was making comments that Visx wouldn't obtain approval until 97 or at the earliest the end of 96.
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