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

To: Vanni Resta who wrote (794)	6/27/1998 1:09:00 PM
From: Bald Eagle	Respond to of 1110

I put in an order to buy at the ask price of 1 13/32. Not a market order, but a limit order of 1 13/32. I don't like doing market orders much. I hope it fills and I hope you're right. I don't have much cash, but you can buy a lot of shares for not much money when they're only 1 13/32 each.

To: Vanni Resta who wrote (794)	6/27/1998 10:48:00 PM
From: Douglas V. Fant	Respond to of 1110

Vanni, I watched FPAM all day, and then added more shares on friday just before the closing bell. You know one thing different than many other distressed companies is that FPAM's problems came up quickly in the last year. So in that sense it is not comparable to say a Continental Airlines or a Chrysler, whose problems spanned many years...On the other hand the industry sector is having problems in pricing its product, causing general earnings problems. That should force FPAM (as well as its compadres in the sector) to continue to cut costs to try to adjust to industry conditions.... Now the good news is that whenever pricing in the sector firms, then profit margins due to lowered cost structures should take off nicely...kind of like what happened in the energy sector about three years ago. Until then the MFI (Money Flow Indicator) is scraping bottom with a reading of 12- which suggests the FPAM is heavily oversold. The price trend is still downwards but one wonders whether the MFI is flashing a potential change in direction for FPAM.... Sincerely, Doug F.