Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Pediatrix Medical Group (PDX) -- Ignore unavailable to you. Want to Upgrade?

To: Toby Zidle who wrote (79)	2/25/1999 4:58:00 PM
From: Tom Hua	Respond to of 431

Toby, enjoy while it lasts. So I'm down 3%, no big deal. I do think I'll come out ahead in a few days. Today's rally was triggered by the news of an acquisition (Southwest Washington Perinatal Services) which fueled short covering which drove the stock up even more. The DJ headlines stated that the acquisition reaffirms the company's health. What the headlines didn't mention (and probably didn't know) is that the acquisition is a tiny deal. Southwest Washington Perinatal Services has only three doctors. It's totally trivial and insignificant. It's like a national supermarket chain acquiring a local mom-and-pop convenience store and the stock goes up 25%. Wait till CNBC gets more details of the news and PDX will be slammed once again. One other thing to ponder: why do you think PDX board rescinded the split? Because if PDX drops below $10 post-split, many mutual funds will be forced to exit the issue. It implies the board and company management lack confidence that PDX will be above $20 pre-split when the audit comes out. Regards, Tom