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Biotech / Medical : The Stock for 1999(Polymedica)PLMD(Medical Supply Co.)
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To: Harold V who wrote (2589)3/31/1999 10:17:00 AM
From: Apakhabar  Read Replies (1) of 3414
 
Harold, if some of the institutions did sell for window-dressing reasons, you have to ask whether or not they will want to buy back in right away. The fact that the stock went from 10 to 5 on low volume tells you that it is hard to liquidate a large, fund-sized position in PLMD without causing a price meltdown. Likewise, to build a position at a low entry during low volume may take time, or else the price will rise higher than what the funds may think is an advantageous entry.

But there might be some traders left and/or small investors who want to play the window-dressing game, so perhaps you could get a better price tomorrow than today. Since last May and June I have been more right than wrong about the long-term direction of PLMD, but I wouldn't want to live off of predicting one-day price movements. Good luck.
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