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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (12479)	7/16/1999 6:34:00 PM
From: hoffy	Respond to of 52051

I mentioned this before but here is more to consider: TMR Laser sector. Yesterday ESTI reported excellent earnings. EPS decreased to (.15) on $7 million in revenues from (.47) on $4 million in revs same quarter last year. The stock surged 24% today on heavy volume. PLC, which is in the same business just started to move (up 9%) very late in the day. PLC has been beaten down terribly. Has been stuck in the low 3s. A lot of short interest. The stock may jump on expectation of PLC's earnings being much better too. They don't report for a few weeks so it could be a nice play. Also the TMR procedure just recently got covered by medical insurance. The shorts may get very nervous and bail out. FYI, I already owned PLC and picked up more today after ESTI reported their earnings.