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Strategies & Market Trends : Dawg's Place -- Ignore unavailable to you. Want to Upgrade?


To: Junkyardawg who wrote (2461)8/31/1999 4:40:00 PM
From: Junkyardawg  Read Replies (2) | Respond to of 2751
 
I hope everyone had a good day today.
PIOS and MDCM

For those of you that are still in PIOS I suggest you look at the
book value on PIOS.
biz.yahoo.com
This company will not go cheap in my opinion.
Book value is around $9 a share and I think that 3 times book would be a good selling price (cash) or 3 1/2 to 4 times book if it is a stock swap. Of course that is only an opinion but regardless if they do get bought I don't see them taking less than 2 times book or $19 to $20 (that is my bottom target). So I see a good solid stock with over 20 million in cash and trading not far above book value. Seems like a good solid take-over play if you play those.

MDCM: Wow what can I say about this stock. I have done very very well.
I bought it for $12 sold it at $15 bought at $13 sold it at $14 and the last two trades I bought for $12 and bought again at $13. It closed today at 17 1/4 on very high volume and also a late day rally.
I plan on holding this one through earnings if the strength holds up in the stock.

Good luck all
dawg