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Strategies & Market Trends : H&Q Conference, January Effect, Etc.
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To: Reginald Middleton who wrote (228)1/27/1997 1:35:00 PM
From: J.J. MacNab   of 246
 
Sal,

I just read your new newsletter, and have a question for you regarding PMED as a short to intermediate buy. You stated that the company could receive FDA approval in about two weeks. The articles I've read say that the testing cycle just finished on December 16th has a minimum six month clinical followup.

While I like the looks of $6,000,000 in international orders backing up, I was wondering why you are looking at a two to four week FDA approval date?

-- JJ

Sal, your investment performance has been quite remarkable in the few weeks I've been watching. You're going to have to grow a little thicker skin, however. If your critics don't offer you the professional courtesy of addressing your recommendations with intelligent and well thought out arguments, why would you even bother to respond? It was not your critic who turned the followup posts gainst you; it was your rather surprising response to the criticism that did the trick. By using derision and intimidation, your critic taunted you to enter a fight. There is no winner in a raspberry blowing contest; both sides just look equally foolish. The only way you can win is by not stooping to his level or tactics.

Otherwise, I look forward to your investment observations. Keep up the good work!
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