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Biotech / Medical : A Luxury Resort for the ill -- Medical Resorts Intl.TRAC
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To: Jeff Welch who wrote (896)11/28/1998 3:42:00 PM
From: William Whitehead Jr.  Read Replies (2) of 1126
 
I think part of the problem is that a lot of the stock is in relatively weak hands. Many investors believed that once the U.S. listing came through the stock would start to take-off and that they could sell for a quick profit.

Medical Resorts is taking more time to develop. And that is more time that some investors are prepared to wait. Consequently, they sell their holdings (even if it means a loss) and move on to the next 'stock of the day'.

For any of us that have been following this for a while certainly know that things haven't worked out as quickly as we would like (for one reason or another) but that things are progressing.

Personnally, I think it is more important for Medical Resorts to work on their fundamentals such as producing a very attractive balance sheet than simply jump on the promotion bandwagon like so many other penny stocks. I believe ultimately, this will give the stock more value ... and for those reason I continue to accumulate.

Whitey,

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