Ha! Patrick, Your "sell on news" theory is quite true BUT not nessary for NMPS! Here's WHY!
1. Yes, if you look at the other stock like SCLN & CPRO, you can see their stock price drop back to the price before the news and stay for a long time.
eg1. CPRO was $16 before it get the FDA approve at the end of FEB. It shot up to $20 on the news and fell back to $16 in 2 weeks.
eg2. SCLN was $14 before the news about one of the crinical trial sucess. It went to $16 and droped back to $10 in a week.
2. BUT, NMPS is a different story. According to NMPS history, there was a big news about FDA "approvable" in late Jan. NMPS was $5 before the news and shot to $6.5 on the day of news and then fell back to $6 by profit taking. BUT, it kept GO UP for 3 days to $8.5. AND MORE, it kept up to $10 three weeks after the news. On mid april, the colon cancer news made it take off from $11.5 to $16 and stablized at around $15.5. the fact is -- IT NEVER DROP BACK DOWN to the original point.
3. NMP technology is a very acurrate way not only for cancer detecting but also for cancer screening. Theorotically, NMP technology should have 100% accuracy. We expect it to be very accurate (70-90%) in its clinical trials. Moreover, its low cost and painless sampling of cancer detecting method will beat all the other cancer detecting methods. That is, it will lead the cancer decting field.
4. NMP22 test kit is its first cancer detecting kit using NMP technology. Therefore, the FDA approval will become a milestone of cancer detecting field. Moreover, a lot more news about their other products are going to announce by june.
5. Matritech has more than five cancer testing kits developing now. And, instead of 3 or 4 phases clinical trial like other biotech company, it just has only one clinial trial to do for each cancer testing because of their non-invasive method. This will make their product out in the market a lot faster and make it bring more news in a short term period from now on.
Soooo, not like other stock which just one day up, NMPS will go up several days and stable at somewhere 20's
Patrick, to read and to understand the news is very important. Of course, there will be profit taking but it will bounce back very soon in the same day! Whether the stock price will go up and stay higher or not is not determined by the news announcement but the " content " of the news. |
