Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (3664)	2/7/1999 8:33:00 PM
From: hoffy	Read Replies (1) of 13094

I am also a long with PLC. I have been following them for a long time. I owned them three years ago when they climbed from $5-$30/share. Luckily I sold then. They have had a difficult two years getting the FDA approval and their earning have suffered. They fell out of favor with the Money Managers. They also had problems getting Health Care companies to approve payment for their procedure. Now they have they FDA approval and the health care companies are starting to realize the effectiveness of their procedure. They recently got the Medicare approval. That was key to their success. I'm back in the stock now and have increased my position every time it pulls back a little. It needs to break out of the current trading range and also get institutions to start buying. With the expectant decline of some of the large cap stocks, Money Managers will be looking for small cap stocks with growth potential for their funds. There is a lot of good news on the horizon. By the way, PLC has also been rumored to be a take-over target. They suffered through all the hard steps, now some big guy can come in and take them over to make all the profits.

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