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Biotech / Medical : The Stock for 1999(Polymedica)PLMD(Medical Supply Co.) -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Radley who wrote (1833)	9/9/1998 12:40:00 PM
From: Apakhabar	Read Replies (1) \| Respond to of 3414

Regarding a buy reco: if it doesn't come following a positive earnings surprise, it will provide at best a quick pop in the price which others will use as an exit point, and the price will revert to its current range. For what it's worth, I would like to disagree with the assessment of the Internet stocks on this thread. These stocks are beautiful to trade because they go up and down, often double digit point swings in a week. They are liquid, so you can get out of them easily if you're long. And long is the way to go with these. (They are prone to squeezes.) The only ones I've traded are SEEK and KLB (they are among the cheapest) and all you have to do (ah! famous last words) is look at a chart and buy at the support levels and sell when you're satisfied. It would, yes! be very bold to buy these with the intention of just holding them (unless you bought a year ago). They are speculative, to be sure, and deserve only the romantic attention of a cheap date you're interested in getting into and out of and not making a commitment. You have to be disciplined enough to sit on the sidelines until you're entry points are reached. The Internet stocks may be full of air, but that's where money is being made and lost and then made again. I admit I am becoming disenchanted with PM, but maybe I am typical of the buyer who follows PM, likes the story, wants to buy it on weakness, but can't justify putting his money into something that trades fewer and fewer shares each week. I don't think people are selling PM now because they don't like company. They are selling because they are bored, and they want to put their money into something that moves.