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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 (3228)3/26/2001 11:08:09 AM
From: Apakhabar  Read Replies (1) | Respond to of 3414
 
There's renewed selling, and it's pretty strong. I sold 2/3 of my position at the open and the other third when the high 24s didn't hold.

I expected a pull back but this feels a little different. FWIW it's just a guess but I have a feeling that management won't start buying back shares until the stock gets very close to 20.

Anyway you can't call this sort of trading anything but serious selling, because there are definitely buyers out there, it's just the sellers are stronger.

I'm going to be patient about getting back in; I might even quit for the day since the opening was so lucrative for me. Good luck.