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Biotech / Medical : FPA Medical Management - FPAMQ -- Ignore unavailable to you. Want to Upgrade?


To: Douglas V. Fant who wrote (760)6/19/1998 11:43:00 PM
From: Douglas V. Fant  Respond to of 1110
 
Gang, I just realized something here. The Money Flow Index fell to a reading of "10" today- that is a short term oversold indicator- and bullish indicator. Yet the MFI Slope is slightly negative, meaning that people are still selling the stock. Volume yesterday was around 9,000,000 shares while volume dropped to 2.700,000 shares today- perhaps a little "me too" selling?

Now I am wondering if we are seeing end-of-quarter "sell your dogs" activity in FPAM by money managers. Unless I owned a vulture fund, i sure as heck would not want this stock showing up publicly in my portfolio!

This makes me think that absent some weird news, selling in FPAM will tail off around July 1st , end of quarter, just before the deadline for financing comes to pass- a time to place a bet maybe? Anyone else's thoughts?

Sincerely,

Doug F.