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Biotech / Medical : ABMD - Replacement Heart System -- Ignore unavailable to you. Want to Upgrade?


To: High-Tech East who wrote (106)1/4/2002 3:20:51 PM
From: Logain Ablar  Respond to of 147
 
I came over here since one that stalks me has been pumping this since $30.

From a TA perspective on PnF. Next target will be down in $12 range. [The stalker didn't like my read when it was in the mid 20's either]

stockcharts.com

Fundamently the company sells a product not covered by medical insurance and only acceptable to humans with body frames over $180 pounds (eliminating most of the female population). So while the product is beneficial what is the market $$ potential.

I'd assume by the time they can expand their market and generate revenue other competition will come into play. Like the thigh muscle implants being done in Europe or maybe some other genetic break through (10 years out). This still assumes they can over come the issue of the patient dying due to complications from drugs being taken to minimize rejections (I assume this is the issue only made worse by the poor health of the candidates of the product).

From this perspective I'd say the $12 range won't hold. The one fundamental plus is the balance sheet and cash.

For any in this stock I'd recommend selling now and moving the funds into another company (not biotech @ this time) with a higher probability of recouping your investment.

JMO's & good luck



To: High-Tech East who wrote (106)1/14/2002 6:18:46 PM
From: Charles Tutt  Read Replies (2) | Respond to of 147
 
26 is kinda fer 'way fum heer.

Charles Tutt (TM)



To: High-Tech East who wrote (106)9/14/2018 11:47:16 PM
From: Lynn  Read Replies (1) | Respond to of 147
 
You haven't been around since 2005, Ken, hope you are fine. Looking back at past postings, this comment you made to Charles [when ABMD looked like it might be a candidate for Chapter 11] made me sigh:

... I am hanging in there indefinitely on Abiomed - I guess the same way lots of people are with Sun ...
SUNW... Talk about a climb into the stratosphere than about-face to the almost ground when ORCL snatched it--for cash rather than stock (groan). I still think about some people on that thread who could not believe it would continue to decline and actually bought more shares when it was in the 90s. Should ABMD start pulling a, "SUNW," I sure hope I am smart enough to bail! SUNW... I could cry. :(