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Валгрин Ко. Message Board

  • JENKS98 JENKS98 Mar 25, 1998 9:44 PM Flag

    Exactly!

    That is exactly why I bought in yesterday. I work no where close to the pharmacy profession, but I felt that the sale of the
    long term care was a good move to boost cash for growth. I am sure they feel that ltc is not where there cash cow is. WAG will
    continue to climb regardless of PE, but like I said earnings growth will help the PE too. WAG has a great set up, good management and
    great facilities. Their facilities are probably the one of the most comfortable places to go in. I once told someone, "it is like
    the place just invites you to come in". I like being able to actually visualize my investment. Simply put there has been allot
    of shorting since it hit 37 1/4, and it is really a testament that it has only fallen fallen less than $3. Shorts will start
    coming back in as it gets closer to the end of the month, to buy back their shares. Also any fund managers that are trying to clean
    up their portfolios before the end of the quarter have probably done so. WAG recently dipped under its moving average, and
    usually a sustained uptrend is near. Anyone looking for a bottom, just get in before the end of March, because it will probably
    climb starting within the next 4 days through the second week in April before it takes another breather.

 
WAG
76.05-0.74(-0.96%)Dec 30 4:01 PMEST