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Biotech / Medical : The Stock for 1999(Polymedica)PLMD(Medical Supply Co.) -- Ignore unavailable to you. Want to Upgrade?


To: Sam who wrote (2873)10/4/1999 9:08:00 AM
From: Harold V  Read Replies (3) | Respond to of 3414
 
I've been on a trip for several days, but over the weekend completed my chart on PLMD. It looks oversold at this level (with the price line falling further than the demand lined). But the proviso is that the price has been plummeting, and it's dangerous to try to catch a falling knife. During the early part of last week chart signals were all over the place--a "buy" one day, a "sell" the next. Not paying enough heed to the volatility, I bought a few shares on one of the buy signals. Hopefully this week we'll see a turnaround. In the meantime, those who've held PLMD long the whole time should see the upward movement continue over the weeks. In my judgment, it's still a great stock to own. Harold V