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Biotech / Medical : A Luxury Resort for the ill -- Medical Resorts Intl.TRAC

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To: Saverio who wrote (947)1/18/1999 6:35:00 PM
From: William Whitehead Jr.  Read Replies (1) of 1126
 
Why does the stock trade at such low levels?

For what it's worth I'll add my two cents! I would suggest it is primarily due to the fact that the stock is not in very 'strong hands'. It isn't exactly a vote of confidence when we continue to read (here) that investors are prepared to dump their holdings even if it means a loss. We need stability!

And unfortunately, we are all looking at this investment from different time perspectives. Just look back to the Summer when everyone thought their investments would skyrocket with the U.S. listing.

I would also suggest that the Canadian Unlisted Market doesn't help to build shareholder value. I hold stock in World Heart - now trades around $19 - back in July the stock was on the same exchange as Medical Resort - for months the stock didn't move far from $5.

I believe anyone that can see through the current situation and is still accumulating the stock at these levels will be the real winner.

Like I said just my two cents worth.

Whitey,

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