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Biotech / Medical : BioLase Technology, Inc. (BLTI)
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To: Karl Drobnic who wrote (445)10/15/1998 10:39:00 AM
From: Trace  Read Replies (1) of 706
 
I am very concerned! The event that we have been waiting for , for over a year, namely FDA approval of the Millenium, was greeted with a thud rather a bang. Why is that? How is it possible that the stock is now lower, than one month ago when we didn't have FDA approval?
The only reason a price goes down is more selling than buying. Who could possibly be selling now? The stock price is so low that people who own the stock must have purchased it at a higher price, so why would they sell just when FDA approval granted? Something is rotten in the state of BLTI. Any comments or thoughts?
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