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BIOLASE, Inc. Message Board

  • pkewl pkewl Apr 30, 2004 4:47 PM Flag

    Now that was UGLY!

    What an UGLY week. Open @ $17.45, close at $12.88, down $4.57 or 26%. If anyone had predicted this would happen, I'd have laughed and laughed about how impossible that was. It's not so funny anymore, I�ll admit. But ugly weeks give opportunities.

    I doubled up today and am down for the year trading BLTI. Reaching out to catch the falling knife, just like I advised against on Wednesday. Everyone is asking how much further it down it can go. I would have said $14 a couple of days ago, so one should consider the source, BUT the is mortgage the house support at $10.40.

    I have to ask myself what is different today than Monday. The 1Q04 report was a disappointment to those of use concerned with earnings, but positive in every other aspect. The other major difference is the stock is selling for a 25% discount. Is the maximum bottom at $10.40 and don�t expect it to get there. I see the high end at $20, but don�t expect it to get there either.

    As I see it at $12.88, the down side is $2.48 and the upside is $7.12. Which do you think is more likely?

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2.22-0.16(-6.72%)Jul 31 4:00 PMEDT

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