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

To: capitalistbeatnik who wrote (863)	3/5/1999 11:28:00 PM
From: Paul Kelly	Read Replies (1) \| Respond to of 1754

I don't discount the value of TA (why does this always bring "A Chorus Line" to mind for me?)but some of these guys seem to think that stock pricing is all some sort of mystical game. The price of a stock is a direct result of the perception investors have about the ability of the company to produce profits. The perception can either be in isolation or relative to the ability of other companies to do the same.You can read lines or tea leaves all you want but when you see the kind of earnings gains VISX is exhibiting I don't think it would be prudent to wait for a drop to 35. We are talking phenomenal earnings momentum here not black magic, so get with it people. You are right on Mr. B.and I think I had better see what my wife is up to.