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


To: Mama Bear who wrote (90)2/28/1999 11:29:00 AM
From: Mr. Pink  Read Replies (1) | Respond to of 431
 
Mr. Pink's affiliate attended that meeting with an open mind. It was the arrogance and defensiveness of management that convinced him that these guys (including Dr. Joyce "not-a-wimp" Peabody) that there is a "crim de la crim" element lurking here. You should have seen the goonish security guard (according to 3rd party descriptions)....Mr. Pink has never heard of such a bizarre meeting.

Mr. pink



To: Mama Bear who wrote (90)2/28/1999 1:42:00 PM
From: Toby Zidle  Read Replies (3) | Respond to of 431
 
With all due respect, Mama Bear, Mr's Pink's tactics are magnanimously described as 'scare' tactics.

Consider Cendant, where fraud was demonstrated beyond doubt. CD's lowest trade was 16% of its highest trade in the weeks earlier. A mighty devastation indeed.

Now look at PDX. Fraud is NOT proven; the worst reasonable charge is "accounting irregularity". Highest trade was $64 5/8. Mr. Pink predicts a fall to $1 1/2. This amounts to less than 3% of the high trade. Comparing to CD, this shows that a company with demonstrated fraud performing some 500% better than PDX. Look at the contrast here. To call Pink's forecast any thing less than a 'scare tactic' is being undeservedly charitable.

And as to your 'dead cat bounce' phenomenon: to bounce from a 2/19 low of $18 1/16 to a 2/26 high of $33 5/8 is an 86% recovery. This has to be the most elastic dead cat in recent history.

At this price, I'm neither bullish nor bearish on PDX, though I do see that a short-term pullback (yes, 'pullback') would be entirely normal.

Here's what I see as motivating Mr Pink. He has said he's short. Probably went short in the low $20's. This 'dead cat bounce', as you call it, is hurting his wallet big time. In desperation, he has to be as negative about PDX as he can. This means rolling out his big guns because he's hurting.

He can do that on the Yahoo board, because lots of naive investors are easily impressed. On SI, I think most seasoned investors see through his tactics. He won't get a lot of argument, though, because frankly, who cares? The market will handle it however it goes and in a couple of months, one of us can come back and say "I told you so!" But that person won't be Mr. Pink.



To: Mama Bear who wrote (90)2/28/1999 8:25:00 PM
From: Jon K.  Read Replies (1) | Respond to of 431
 
>>"With the strong recovery of last week, it could easily be pullback time. "

A lot of folks call that phenom a 'dead cat bounce'. <<

LOL, Mama Mama, you're cracking me up... the best laugh of the week award goes to you Barb.

Well, well, PDX thread is finally getting exciting. Mr. Pink, Mama Bear, Tom, Anthony.... all the great short investors are seems to be in for the PDX slide show.

If PDX's over billing practice turns out to be true, the government should shut down the company. These crooks are responsible jacking up the cost health insurance.

One thing is certain, it won't be a boring week!

Jon