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Biotech / Medical : SAFESKIN -- Ignore unavailable to you. Want to Upgrade?


To: Suma who wrote (388)10/29/1998 10:47:00 AM
From: Short A. Few  Read Replies (1) | Respond to of 828
 
It must be the kamikazi fund -
my advice is to hold through
and pick up below 18 1/2 if you can.

If my advice is worth anything!
From Baseline:

LT Debt to Total Cap
10%
Owned by Institutions
63.7%
Market Capitalization
1.5 Bil
Avg Dly Vol (30 days)
501,100

In last 3 days, kamikazi must have dumped
over 6 million shares, but only a small
part of total institutional holdings.

Level II users may be able to tell us who
kamikazi is?

LOL
Short




To: Suma who wrote (388)10/29/1998 5:41:00 PM
From: Michael G  Read Replies (2) | Respond to of 828
 
If you read the post before yours (which I had not) you would know, as we all do now (because there have been 1/2 dozen press releases on the fact) that an anal-yst at Salomon Smith Barney downgraded the stock because of Accts Rec and inventory worries.

Despite that, I believe this is a good company. I am using them as a solid way to diversify outside the techs (I am heavy in DELL and EMC). They're numbers prove that they are a good growth company with great market potential.

To answer your question, I bought originally at $44, doubled down at $30, bought more at 24 15/16 yesterday (90 sh) and bought more today at 19 1/16 (140) for a grand total of 590 sh at avg price of $29. So I guess you could save I've been averaging down. I only wish I had waited yesterday, and been on top of it to get all those shares at $17.50 this morning.

As a side note, it's really starting to tick me off how much power a single analyst can have on any one stock. Who needs inside information these days? All you need to know is what's the analyst gonna say about the stock tomorrow. There, I said it.