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Biotech / Medical : PLSIA (Premier Laser Systems) -- Ignore unavailable to you. Want to Upgrade?

To: chester lee who wrote (1543)	4/16/1998 4:52:00 PM
From: John S. Baker	Respond to of 1773

Looking at the price-volume chart, I could reckon that somebody knew and started dumping PLSIA about the 1st of April. If you examine the MFI, it suggests that the bailout actually started a week or so earlier. <Wish I'd been paying more attention; isn't hindsight wonderful!>

To: chester lee who wrote (1543)	4/17/1998 10:52:00 AM
From: Sprucegoose	Respond to of 1773

The SEC and NASDAQ do indeed, have monitoring in place to catch insider trading. However, unless the activity is relatively heavy and relatively close to the news (either good or bad) who's to say whether the trading was 'inside' related or simply an astute read of the situation. This company has problems far beyond the cancellation of a couple lasers! Cooking books (which is what they did) and they did it for a couple quarters, has yet to really show its impact on the stock price. You'll see, wait to see the stock price as soon as the SEC announces its first inquiry.