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Biotech / Medical : SNRS- Sunrise Technologies -- Ignore unavailable to you. Want to Upgrade?


To: Joe who wrote (2615)7/7/1999 1:49:00 PM
From: gcrieff  Read Replies (1) | Respond to of 4140
 
from wallstreetcity

Sunrise Tech Breaks Out to New High
by Paul A. Alvim
Managing Editor

Sunrise Technologies (SNRS), a laser systems manufacturer serving the eye care industry, has broken above major $14-$15 resistance on heavy volume. The stock, which appeared on the 10:42 A.M. CDT ProSearch run of Stocks Breaking Out to New 52-week Highs, is up $1 5/8 to $16 on 2.7 million shares, or 269% of its 30-day average volume. SNRS has risen within a steep uptrend over the past two weeks and momentum should continue to drive the stock higher. Today's breakout is significant in that the stock has broken major all-time high resistance on the largest volume spike of the year. Look for the $15 area to serve as strong support.



To: Joe who wrote (2615)7/7/1999 3:17:00 PM
From: aroundight  Read Replies (1) | Respond to of 4140
 
Joe, Thank you for the informative post. One question I still have is whether the 200 million estimate for people that could benefit from the procedure includes both people with hyperopia and people with presbyopia. If so, I wonder how it breaks down.

I am going on gut reaction, but it seems to me the SNRS procedure would be an easier choice for hyperopes than presbyopes. Correction of distance vision is an obvious advantage. But as I understand it, correction of presbyopia by SNRS involves inducing slight myopia in one eye. I wonder if many candidates for this surgery might not want to make this trade off. (I have PRK corrected vision and no presbyopia yet, but when it occurs I think I will be reluctant to tinker with further surgery, particularly if it could undermine my distance vision even slightly. But maybe that's just me.)

I don't mean this as a dig on SNRS. I am long and happy. But I wonder if others have thoughts on the relative potential re hyperopia v. presbyopia.