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Biotech / Medical : SAFESKIN

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To: Fbk32 who wrote (745)3/23/1999 12:22:00 AM
From: Mad2  Read Replies (1) of 828
 
Brian, looks like you have called it correctly thus far
Message 8274098
David Rubin made a good call in Oct after SSB downgraded
Message 6211003
Interesting post by Apple12 here from October
Message 6203785
and of course Apples recent post;
Message 8454122

I have observed that these "broken stocks" tend to base and will show life around 4-5 weeks before next earnings (buying on expectations of recovery), which if it is accomplished by the following quarter could be sustained, however 1Q is the exception rather than the rule, stocks that don't recover go back to the base unless signs of deterioration exist. If this is purely channel stuffing 1Q would be enough, however the future decline in gross margins is disturbing. How could a company be so out of sync with DSO increasing and channel stuffing with no one admitting a problem exists. A credability gap exists here a some level within Safeskin.

Here's a link to Clear Station (couldn't past a link to the chart I had). This site has good TA charts (simple to use). Doesn't look good.
clearstation.com

IMO SFSK could represent a good buy, however most want to see some signs of stability before venturing in. i'd rather be a bit late than early.
Mad2
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