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Biotech / Medical : Arterial Vascular Engineering AVEI

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To: mmeggs who wrote (388)10/27/1998 5:29:00 PM
From: Scott Overholser   of 410
 
mmegs - i agree with your fundamental analysis of ave. i am very bullish on ave. i believe tho that the whisper numbers were 0.90+ for ave's earnings. (your comparison to microsoft's earnings isn't apples to apples since microsoft posted earnings that surpassed even the highest expectations where ave's posted earnings were down sequentially and fueled fears of competition and declining margins.)

i follow the teachings of william oneil and jessie livermore pretty much: don't argue with the price action. if the ship is sinking - get off first, ask questions later. most of the time the reason for the price decline is not obvious until after the damage has been done. we can always get back in at a later date.

ave is pretty much a pure play where it's competitors are well diversified. i think that accounts for the performance of bsx, gdt, et al.

i'm not mad. i was just feeling flip and couldn't resist the urge to take the jab. you have my apologies. i still don't know why you find my suggestion absurd. many times a company will post great earnings and immediatly experience a sell-off. buy the sizzle, sell the steak... (i love wall street one-liners.) :)
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