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Biotech / Medical : Ventas VTR, another "PSYCLE sm" depr. buy, w/stop -- Ignore unavailable to you. Want to Upgrade?

To: WebDrone who wrote (15)	4/1/1999 2:29:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 21

The interesting thing on this lesson has been to see how quick the fundamentals bleakened. I remember MPs words, when he meant: Even if VC goes bankrupt, they will pay their rent. Alas, the tensions between the co.s seemingly led to the negotiations about the rental payments and anticipated cuts. When it was mentioned on the MP thread, I always backed away, not really because I was aware of the fundamentals but simply because I didn't like the chart, and the branch. When TRL or PDX or many businesses in the healthcare sector took a bath, then it turned out to be difficult here, too. I didn't believe the bounce yesterday, but...backed away from shorting. Bought in today 2x, of which I sold a few, few teenies up. Because of the massive, untouched bid at 4.25 I thought that may be a sort of "bottom". From what I read out of the news release is, that if VTR can't serve its debt, rans out of cash etc.. they will have to sell their facilities at the market which can erase some of its book. The weak action today embarrases me. No buyers at all, no bounce, trades served at the bid etc. so it looks like it can get a bit cheaper. I hold some shares, just in case of a positive surprise. C.