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Biotech / Medical : Physician's Computer Net (PCNI) -- Ignore unavailable to you. Want to Upgrade?


To: Greg h2o who wrote (228)3/9/1998 11:53:00 AM
From: Mark Drew  Read Replies (1) | Respond to of 290
 
Hi Greg,
I agree that we were all blind sided and I doubt that even a visit to the company would have given clues that the books were being cooked. Those who should have had the best idea, the analysts following this company had it rated a strong buy until the day of the announcement.
The trading volume on pcni has been tremendous since their announcement last week, I would guess 80% of the float has traded hands. Do you see buy out in process, institutional accumulation, or how do you interpret this trading volume? Does any body know how I can find out what other companies Mr Jeffrey "Gecco" Picower is involved in so that at least I can avoid being taken by the same swindler twice?
Still hanging on to this dog, but only because I don 't what to lock in a huge loss -
Mark