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Biotech / Medical : VISX -- Ignore unavailable to you. Want to Upgrade?

To: t36 who wrote (1313)10/2/1999 6:59:00 AM
From: William Nehls  Read Replies (1) | Respond to of 1754
 
No. It has been suffering a major correction that has also hurt other high PE stocks. I am NOT aware of any internal issues at VISX that are causing the drop but the overall market is adjusting to rising interest rates.



To: t36 who wrote (1313)10/2/1999 10:59:00 AM
From: rogermci®  Respond to of 1754
 
Might look like a 2 for 1 when the company releases the official blurb. Why do some guys always get the news early? My guess is the outlook going forward isn't as compelling because of pricing pressure and looming competition. Technically, the stock is in serious trouble:

iqc.com

Volume the last two days is especially frightening since there's been no official news release.

roger


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