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Biotech / Medical : RXSD Rexall Sundown -- Ignore unavailable to you. Want to Upgrade?


To: Dorine Essey who wrote (59)8/6/1998 6:57:00 PM
From: Andy Parham  Read Replies (1) | Respond to of 327
 
I don't blame you. If I had any more money I would be buying like crazy. I should be making tracks to the bank right now but can never bring myself to go that far. As far as I can tell NOTHING has changed for RXSD since two weeks ago when they were trading at 38. Record earnings projected - news releases and the people that I know indicate that everything is perfectly on target to another stellar qtr YET we drop over 48% from 38 5/8 to 19 15/16 (both intraday w/in the last couple of weeks). Friend of mine that works for them just back from Paris where contract negotiations of some sort were being worked through and everything was fine there. The unbelievable irrationallity in the market over this industry leader here in the recent has made me realize that at least in the short term you can never count on anything for sure - being right in this case will not make you any money many times and sadly sometimes and many times it seems to take so long before people FINALLY realize true and fundamental leadership and value or in the worst case that their is no lack of it! 48+%! come on!!! I see why now Joe Kernen quit his stock broking career on a dime saying that he was sick of dealing with a bunch of idiots everyday. Good Luck all Longs!