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Biotech / Medical : ACMI - Accumed Inc.
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To: Ranger who wrote (1715)5/24/1998 12:21:00 AM
From: Sigmund  Read Replies (1) of 1894
 
Always a difficult question and I certainly don't want to be responsible for anyone else's losses. My feeling is that after Tuesday, the stock is likely to go up. Will Tuesday also be an up day? It is certainly possible that the stock will just start going up from the opening. But it is also possible that there will be more panic selling on Tuesday.

I view the situation as almost a total rotation of ownership. The company has not treated the existing shareholders well and they are leaving in droves. Who will replace them? It's not like this is a well known company with investors waiting to get in at a particular price. But there are some people willing to gamble on almost anything and this gamble may be better than some. So I think that once enough of the existing investors capitulate and sell their shares, we may very well see a significant rise in price. Time will tell. But you need to do your own DD and make up your own mind on this.
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