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Biotech / Medical : Arterial Vascular Engineering AVEI -- Ignore unavailable to you. Want to Upgrade?


To: Pancho Villa who wrote (132)4/20/1998 1:59:00 PM
From: Goolie2  Read Replies (2) | Respond to of 410
 
It looks like the stock is under serious distribution. The fundamentals are spectacular but the chart is telling a different story. Why is so much stock comming to market with such great earnings and in the face of a number of upgrades?

As I mentioned in a previous post, I made a very bad decision to buy on the open Friday at $41 1/4. I just sold 3/4 of that position at a 14% loss. My bigger mistake was not blowing it out at a 7% loss. I like the prospects of this company longer term, but the air has to be cleared first. Watch for a gap down on a news announcement near term.

Goolie