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Biotech / Medical : Catalytica Energy Systems, Inc. (CESI)

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To: David Rabbit who wrote (1091)3/15/1998 2:55:00 PM
From: WTMHouston   of 1514
 
Welcome David...thanks for the kudo's...

The runup late last week is typical of what this stock has done in advance of news...I am again kicking myself though - this is twice I have told myself that if it got back to 10 1/2 - 11 that I would buy more and didn't....thought real hard about it at 10 9/16 the other day and as it turns out would have gotten lucky and picked the bottom. Oh well, maybe next time...

If we don't get some news in the next coupe of days, it may very well drop back to sub 11 again....I suspect that the volume has attracted a few mo players who will expect something to stay in...It has been almost a month without any news, so I wouldn't be surprised to see some soon - if this company is going to be a growth company, it will need news of that growth for the stock price to continue to grow, IMO.

I'm not a TA guru, but noticed that it is sitting right at the 50DMA..I would think that crossing above it would be seen as bullish.

Troy
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