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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: rob g who wrote (2668)	7/31/1999 3:46:00 AM
From: out_of_the_loop	Respond to of 10293

Thanks for the offer to look at PLMD. I cannot take you up on it because the amount of effort it would take to make a seriously informed opinion on anything other than technicals would be prohibitive in terms of time commitment. I am sorry for the inconvenience but the only reasons I came onto this thread were those cited by Dan in his last post. Regards, Howard

To: rob g who wrote (2668)	7/31/1999 5:45:00 PM
From: DanZ	Respond to of 10293

rob, I'm not familiar with the fundamentals of Polymedica but I looked at the chart and will give you my opinion from that perspective. The stock has shown resistance just over 17 on the daily chart and the money flow indicates that the stock is under distribution. The money flow on Friday was the worst that it has been since January, both in terms of absolute magnitude and percentage of volume traded. The momentum indicates that the stock is overbought and running out of steam. The volume has been above average for the past two weeks, and when combined with the negative money flow, flattening chart, and overbought condition, is bearish IMO. The stock is in uncharted territory on the weekly and monthly charts and doesn't confirm a top. If I were to take a position in PLMD, I prefer short over long with a stop above the recent high at 17 11/16. The amount above 17 11/16 depends on the risk that you are willing to take. I think the downside is to 12 or 13 so a stop at 18 1/8 offers a risk to reward of about 4:1. No trade is a guaranteed winner, but I think the risk to reward favors a short position in the near term. My opinion on PLMD is based solely on the chart and I don't know anything about their fundamentals, institutional sponsorship, or takeover possibilities. I wish you luck if you take a position in the stock. Dan

To: rob g who wrote (2668)	8/1/1999 12:02:00 AM
From: Hands Off	Read Replies (2) \| Respond to of 10293

Rob, I came across Dan's response to your query on PLMD by accident when I was doing a subject search on Money Flow. It caught my eye since I have a small position in PLMD as of this week - unfortunately at the high. I found PLMD through an IBD scan last week. It had then a RS of 93, a PE of 20 and a triple A rating - which does indicate it is under accumulation - not distribution. Further FA indicates a Price/Sales of 1.5 which is good. However, Dan's TA comments also make sense. Money flow is negative - I still don't know what that means - Momentum is flat and the Stochastics look over bought. However, both the daily and weekly DMI look fine and the MACD does not look bad - although the slope is dropping. The thing that troubles me the most is the flattening Momentum and the relatively stable price - which may be a bearish divergence. It is hard to tell with this market and I am a novice at this but I am much more cautious now and will be looking to cut my loss at any weakness. This is probably more confusing then helpful but what can I say. <g> Luck Marshall