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Biotech / Medical : The Stock for 1999(Polymedica)PLMD(Medical Supply Co.)
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To: Arthur Radley who wrote (1628)8/1/1998 10:25:00 PM
From: Sam  Read Replies (2) of 3414
 
I have just completed my "grind" for the week. Modeling overall market scenarios for next week helps get a clearer picture. I got a sell signal two weeks ago and it continues. IF the market opens Monday down or gaps down on the open we will continue down through DJIA 8500. The problem is that 5-6 stocks in each Index have inordinate impact on the Indexes and those stocks have all been bought until they are way over valued. These stocks will be sold down and the money, after a while, will be moved into good undervalued stocks across a broader base. I'm out of all but a few equities, primarily PM, until I see a more positive direction. As I said recently, get your shopping list together and be patient. Sam
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