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Biotech / Medical : SAFESKIN -- Ignore unavailable to you. Want to Upgrade?


To: Frank P. Pearson who wrote (280)4/22/1998 8:41:00 AM
From: Madpinto  Respond to of 828
 
When earnings come out (May 7) I think we will see which direction SFSK will move for awhile. With the stock trading at this PE, I can't believe analysts expect the company to only make $.20/sh. Has anyone heard any other numbers? Any guesses on earnings?



To: Frank P. Pearson who wrote (280)4/22/1998 11:03:00 AM
From: David Rubin  Read Replies (1) | Respond to of 828
 
Head and shoulders? I don't see it. The stock would have to go much lower to confirm that. Also, since the top was formed over 6 very volatile trading days I don't think it holds much water.

Looks to me that the chart is in a nice uptrend, distorted by some short-term momentum trading during the end of March and early April. Lately the price has been stable or slowly declining on lower volume which is a good sign of accumulation.

If the overall market stays healthy I think 36 is as low as we'll go for awhile.