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McKesson Corporation Message Board

  • b_zerkley b_zerkley Feb 4, 1999 12:54 PM Flag

    My brokers take on this...

    Is that certain funds, or family of funds,
    (probably those who previously owned HBOC) are getting out.
    The market could absorb a certain amount of the large
    blocks sold over the past few days. However, when the
    buying dried up, the specialists for MCK took this puppy
    down to bargain levels to pull in buyers. Net-Net,
    once the selling subsides, we should see some
    recovery. Question is when. Right now it's a falling
    knife...even if it is a bargain. If it hits 65 I'll probably
    step up for some more. I'm on record as a sucker. Good
    luck longs.

 
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