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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 (3169)	11/20/2000 7:48:54 PM
From: Apakhabar	Read Replies (2) \| Respond to of 3414

<<<<Why would you think an FBI member would disclose information to a Barron's reporter?>>>> I don't know. Was that how they reported it? As for Barron's credibility, I surely don't read that magazine for advice. The last issue I read had a roundtable of advisors who were talking up dying banks like Washington Mutual. This was last January or February, maybe you remember it. These old fossils were gushing about these banks with PEs of 8 or whatever, and then a week later all three of these bank recos reported low earnings and the stocks tanked. Pretty funny. But the issue here is not whether Barron's is "right" or not, and I didn't mean to imply or outright say that. What I mean to say is that traders and investors make decisions on their perceptions which may, but may not, reflect the fundamental reality of the company. The perception people have (IMO) is that news organizations do not make charges like this lightly. Thus the benefit of the doubt goes to Barron's here, not PLMD. Err on the side of caution in other words. So I believe that nobody with big money is going to take a chance and invest in PLMD until this situation is cleared up. Furthermore big money might be anxious to unwind their positions until the matter is cleared up. Actually I would short the stock based just on this even at $25 share if it weren't for the fact that, when this does get cleared up (that could happen anytime) you might see a more extended version of the brief squeeze we saw today from 34 to 39 just after the halt was lifted following PLMD's response. With so many stocks to choose from to trade, I simply don't need the anxiety of being short a potentially explosive stock. Hope you're doing well, Sam.