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


To: CARYTRE who wrote (1410)2/10/1998 3:40:00 PM
From: Frank Buck  Read Replies (2) | Respond to of 1894
 
Cary,

AutoCyte came out with news today and the market rejoiced;

biz.yahoo.com

Normal average trading volume on ACYT was 12,727 shares traded while today it is presently at 450,000 shares. Talk about investors turning on a dime!

How does this new 44% one day increase (so far with about 20 minutes left to the close of trading) figure into your Fluff analysis? At the current new $6 price level for ACYT, I believe it (ACYT) would have a price/sales ratio of over 26.

How does this new info translate into AccuMed's present price to sales and overall group numbers in your Fluff Analysis Model?

In all fairness ACYT does have a much smaller share outstanding volume than ACMI.

Frank