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Albany Molecular Research Inc. Message Board

  • ThomasZ4 ThomasZ4 Aug 6, 1999 12:32 PM Flag

    down-why

    are people selling on the news??
    any reason for today's pull back?

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    • The sell off could be expected..... Yesterday was
      the last day of the holding period.... I would have
      sold but why take the tax hit!!!!! On top of that, the
      market has turned into a 'sell on the news'
      style.....

      I would say this is a decent buying opportunity, we
      are now down almost 20% from the high..... I still
      think we got a little ahead of ourselves and now just
      need a consolidation, and a base to build up from
      here... This is a LT solid stock....
      I wasn't
      expecting 50 this soon, so I did think abberto was doing a
      little hype... Nothing would justify a p/e of 55 at
      present.... A p/e of 36 is good for this stock and that would
      peg a 12 month target of 42-45 from here, or another
      25% gain over that period, I am sure that it will
      beat the market average!!!

      Other stocks which
      are 'similar' to this in the industry have been
      'CLOBBERED'....

      Quintiles High.... 56 7/8 Today 36 Off 37%

      Covance High.... 32 7/8 Today 17 7/8 Off 45%
      Appl
      Analyt High.... 28 Today 5.25 Off 81%
      Kendle
      High.... 33 Today 10 3/8 Off 68%

      Others are also
      off 40-80%... it seems that this is just a cycle, and
      I think this sector was slightly out of favour. The
      fact AMRI has held up so well says alot for its
      potential in the future.... I would be adding at these
      levels....

      Bully

      P.S. I am looking to pick up some applied analytical
      AAII or Kendle KNDL after thier recent thrashings..
      Looking for both to improve 50-75% over the next year,
      any opinions?

 
AMRI
19.90+0.16(+0.81%)May 27 4:00 PMEDT