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Biotech / Medical : ACMI - Accumed Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Frank Buck who wrote (1383)2/4/1998 9:30:00 AM
From: Cisco  Read Replies (1) | Respond to of 1894
 
Frank,

It is true that the Z-indicator at Zacks has upgraded ACMI from moderate sell to moderate buy, leap froging hold. However, I believe this is because some of the recommendations of analysts are expiring leaving only Vector Securities with a current recommendation on Zacks! As has been pointed out on this thread before, one cannot place much emphasis on the Z-indicator especially when some of the analyst recommendations are expiring based upon Zacks' formula.

Also I would like to address all the comments on Yahoo suggesting that the large block trade on Monday was Peter Grombrich selling his shares. As Dr. Winrow has reported on this thread, there was no inside selling on Monday! Also it seems that some on Yahoo do not realize that Peter Grombrich still has to file a 144 because he is still vice-chairman of AccuMed! No 144s were filed through yesterday!

Also, I have been informed that the large block trade was purchased by Mayer & Schweitzer. I don't know who the seller was. It may have been a block trade between market makers.

Did you notice how this stock closed with strong buying yesterday at the day's high!

Cisco