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Biotech / Medical : Matritech (NASDAQ - NMPS)
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To: susan soloway who wrote (127)7/18/1996 12:17:00 PM
From: Patrick Tang   of 849
 
Hi Susan: Welcome to the thread. I just faxed you the most recent copy (5/31/1996). Happy reading!

Since NMPS exhibits all the technical signs of establishing a phase 2 bottom of $7.00, I am compelled to revise the long term price projections as follows:

Phase 1 move is 13 points (from $5 to $18)
Phase 2 bottom is at $7
1.62 times 13 equals 21
2.62 times 13 equals 34
Phase 3 expansions (7+21 and 7+34) are then projected to $28 to $41 range

I know it sounds ridiculous now. But then, what do you expect from a crazy monk? I just interpret tea leaves as I see them.

One final thought: During meditation, I suddenly realized why the specialists brought its price down in such a swift fashion (6 days!). They are simply running out of time! Why? They had to establish an inventory in a hurry BEFORE the good news hit. What good news? I don't know. Maybe it is the analyst's report. Maybe it is the coverage of major publications such as WSJ, IBD, Forbes, Business Week, Barron's, Fortune and others. Maybe it is the earnings. Maybe the management of NMPS finally wakes up and prepare to share with its shareholders certain positive business developments. Or maybe some big boys are actually planning to buy it out. Anyway, the price behavior speaks to me loud and clear that something good is cooking. Stay tuned.

Have a nice day, week and year!
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