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Biotech / Medical : The Stock for 1999(Polymedica)PLMD(Medical Supply Co.)
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To: Bryce Elkins who wrote (1193)6/21/1998 2:07:00 PM
From: Sam  Read Replies (5) of 3414
 
VBHQ is at an alltime high after a week on the North Carolina Outer Banks! It isn't a Greek Island but damned near. I'm glad I got away from this market for a while!
PM is now set to begin a series of short price increases until a surge when the shorts finally recognize the trap and start trying to cover. That's why I suggested everybody set sell orders at $20 or above. I didn't get quite all my buy orders filled last week.
As for the overall market, after a -7.47% correction, it looks like we're close to starting a summer rally of significant strength.
Several months ago I suggested looking at CCUR as a possible future buy. I'm in around $3, along with SFA, to play the Video on Demand category. I now expect SFA to sign a contract with Time Warner to deliver 1,600,000 VOD boxes (with CCUR components) around the end of June.
The shorts have played Hell on Nortel,NT, after its takeover of Bay Networks. Turnaround will begin just above $50 for NT and $30 for BAY.
Back to PM, I see a series of price increases as these weekly events develop:
. Cruttenden Roth Healthcare Conference June 29-30.
. Quarter ends June 30.
. Medicare type 2 coverage begins July 1 to add 2-3 million to the new customer pool.
. Mid July quarterly report released.
About that time the shorts will have figured out it's time to TRY TO COVER. That's when they find out that it will cost them at least $20.
SAFECO and the other funds that have recently added a net 600,000 PM shares to their holdings have figured this out. Have a good week, Sam
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