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Biotech / Medical : Lab Corp. Amer. (LH) nyse, at $ 2 1/2, exhaustion low ? -- Ignore unavailable to you. Want to Upgrade?


To: rakitup who wrote (53)3/7/2000 4:26:00 PM
From: hoyasaxa  Read Replies (1) | Respond to of 62
 
The 1:10 reverse split noted in the fiscal year end earnings release. If and when the company takes out the preferred and thereby the overhang on the common, I think the stock should do quite well -- note their geno/phenotyping leadership; the recent partnership with Gilead Sciences (via Virco) may be the first of many. I don't hold a position -- but covered the company as a research analyst until 6 months ago (for about three quarters) and dig management. We shall see.....



To: rakitup who wrote (53)3/8/2000 3:17:00 PM
From: Jim Goodman  Read Replies (1) | Respond to of 62
 
thanks for the VG analysis, Don, you may be right....as a rule, my "PSYCLE sm" does not 'pay up', regardless of the potential patterns, fundamentals, stories, etc., but, in recent past years, many which look like LH recently, have broken out for larger % gains over time, good for you....
We try to get the first 100-300 %, with the lowest risk, and move on, when/if stock reaches previous resistance....but we often miss the second 'stage 2 rise' at times, such is life....I am trying to add this 'buy higher for potential stage 3' idea, so thanks....will try to stay in touch, best wishes,