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Biotech / Medical : The Stock for 1999(Polymedica)PLMD(Medical Supply Co.)

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To: Arthur Radley who wrote (2093)10/29/1998 6:21:00 AM
From: unregmarket  Read Replies (1) of 3414
 
Dude:

Important day today for PM, I think. Fundamentally, Conference news is out, there has beem time enough for smart money to digest earnings situation, and yesterday's drop on puny volume just means 1 or 2 folks wanted some cash to play with. Technically, the stock moved from 8 to 10, retraced 50% of the move to 9 (which is a very common path), it now sits on a 20-day Moving average line that is ready to cross up over a 13-week line, and the trend is still positive. There is hope!

Rick M.
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