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Microcap & Penny Stocks : NUMD: NuMED Stock of the Month on SmallCap Investor -- Ignore unavailable to you. Want to Upgrade?

To: dennisp who wrote (18)	2/18/1998 9:07:00 AM
From: dennisp	Read Replies (1) \| Respond to of 49

With the below info why was the buying going on the day before, I guess it was buying, there was volume and the the price was rising. Anyone know what was happening here? ............................................. NuMed Home Health 3Q Losses 4c/Share Vs 3c NuMed Home Health Care Inc. - Clearwater, Fla. 2nd Quar Dec. 31: 1997 1996 Revenues $5,720,465 $6,309,810 Net income (210,069) (139,388) Avg shrs 4,958,502 4,918,705 Shr earns Net income (.04) (.03) 6 Months: Revenues 17,066,544 18,875,323 Net income (279,436) a (1,332,225) Avg shrs 4,948,301 4,934,613 Shr earns Net income (.06) a (.27) Figures in parentheses are losses. a. Includes loss of $765,000 on estimated contractual settlement. NuMed said it hasn't recovered from the revenues lost when a major client elected to develop an in-house therapy program. NuMed, a provider of home healthcare services, temporary nursing staffing and contract rehabilitation staffing, also said it is taking steps to offset the possible negative of effects new laws applying to Medicare coverage.