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Biotech / Medical : ROTC:Rotech medical

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To: Paul Heye Jr. who wrote (26)1/11/1997 12:11:00 AM
From: Roger Weigel   of 161
 
I'm willing to sit back and wait for Rotech to make its move. I believe that it will some time in the next several months. The company's next earnings report is due out on Jan. 31. I believe an earnings report of 25 to 26 cents a share is expected. Rotech Oct. 31 earnings topped Value Line estimates by 1 cent.
The price of Rotech seems to have found support at around 19 1/5. But it also can't break through the $21.75 barrier. But it will.
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