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Biotech / Medical : Palomar Medical Technologies, Inc.

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To: Doug Grant who wrote (285)3/10/1997 12:12:00 PM
From: Ram   of 708
 
Well, just like the last time that PMTI announced FDA approval,
there's probably a rat in the woodpile. Perhaps there are so many
conditions on the usage of the laser for hair removal that it
is useless for this purpose. Remember that last time, in July 96,
they proclaimed FDA approval. Then, after rereading everything,
you find out that hair removal was NOT approved. Probably the same
thing here.

Either that or short sellers got caught with their pants down. Maybe
they are dumping short shares trying to drive the price
back down so that they can buy them cheap - to cover. Nahh.
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