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Biotech / Medical : CMP
CMP 22.74+1.2%Jan 9 9:30 AM EST

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To: Linda Kaplan who wrote (1216)8/29/1998 8:55:00 AM
From: Emec  Read Replies (2) of 1308
 
Another forum? Think carefully old friend. Extremely carefully.
To everyone else, I got the same notice everyone else did-the press release. I was shocked and amazed. For anyone with experience in the market, it was pretty clear that the stock would be taken down although I was amazed to the degree. i thought it might sell off to 7 1/2 or so. I received a call from a good friend late in the afternoon yesterday. A seasoned retired broker that knows CMP well and has met Street on several occasions. He told me he had bought CMP at 5 today. I asked why? Charts. Looking at the 3 year chart, CMP is at a 3 year low and business is at a 3 year high. Do you find something strange about this he asked me? After thinking about it the answer I reached was yes. It is crazy. I then bought back my shares. He feels comfortable in an easy double from here as do I. All it would take is landing Humana (worth about $50 million in revenue) to send the stock back up. Quarter just ended I would expect a continued improvement in earnings over those just announced
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