Forum Archive Index - July 2001

["G Stolwyk" <stolwyk@wave.co.nz>]

 

First, CLH falling from $ 5.70 to $ 5.12, now back up to $ 5.55,

then LAC and LACO making strong rises, then AIA being oversold and now we are arriving at MMD: they certainly have been a couple of volatile days!

 

RMG being subjected to strong market rumours as ADV was.

The crux of the matter is that a lot of RMG shares will have to be sold; I suppose that a few rumours will help things along!

 

Re MMD, questions are asked but can be avoided - and thus save my time -, if the Ozestock posts on MMD had been read:

 

The new complete artificial heart with a weight of 3 pounds and a very large size, will be suitable where a complete heart transplant is needed. This has to be done within 60 days!

 

There will be a fair bit of blood destruction, however, that may not be important in this case.

 

Dr. Woodard, the CEO of MMD, Australia, complimented the US team who built this instrument and then stated that the MMD device was to assist the human heart as the word " VentrAssist" says.

 

It is to allow the existing heart time to recover as this possibility is real in many cases of a heart attack. To read about that, one needs to go to the web site :

 

< www.micromedical.com.au  > 

 

Therefore, there is no change to the situation existing before this new heart was discussed today but this was missed in the panic.

 

Then the Egoly site mentioned that the MMD human trials would take place in the beginning of 2002 and that it could be commercial in 2003.

The market thought that this was more negative news because they expected these trials to start late this year, instead!

 

Come to think of it, theoretically there would have been only some 3 or so months difference in time; however, MMD has always said that both timing points were possible.

 

If that report was correct then not only the timing had been firmed up but now there is talk about a possible 2003 year's  venture! That year was never mentioned before!

 

So, I thought that the day should have been a very positive one but it was not to be!

I won't be advising people to buy, hold or sell - this stock was hand picked by me to be a longer term hold - but an investor should first get his " Panic Index " measured before investing!

 

I was told that sharechat has an instrument to measure that. You may remember that we did have an internet fire extinguisher. Now we also have a panic index meter !

 

Both come in handy, Ceejay, what do you think? 

 

Gerry