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Biotech / Medical : Summit Technology (BEAM) -- Ignore unavailable to you. Want to Upgrade?


To: Manny Gugliuzza who wrote (876)6/9/1998 12:11:00 PM
From: virgil vancleave  Read Replies (1) | Respond to of 1386
 
i have waited all morning and just finally got my order filled at 6 1/16. with downside only to about 4, the risk/reward ratio here is quite good. too good to pass up. we just moved up above long term mov average on good volume and the subsequent pullback allowed me to get in. pretty good for a company with no debt to speak of and with cash of around $1.50 per share and just turning profitable recently. add to that the 35 million settlement from visx which equates to another $1 plus per share and we could very well see summit take off for a double or even more. looking for 12 within 6 months.
i have watched this one since it was 32 and been waiting for the turnaround. seeing visx finally become profitable just adds icing to the cake. just my opinion. go beam and good luck
any other opinions?