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Biotech / Medical : Matritech (NASDAQ - NMPS)

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To: Gary Schneekloth who wrote (323)11/14/1996 6:08:00 PM
From: timothy alan morris   of 849
 
Gary, I'm no technician, but to answer your question both 50 and 200 day moving averages are around 11. Amgen was strong today and that often lifts other biotech stocks. Plus there was the newswire posting regarding "Bladder Health Awareness Week" which begins next week, but I'm sure the big boys could care less about that! My belief is that today's action is simply a predictable response to the great buying opportunity that the recent price created. NMPS was a good investment at $10 and a great deal at $7. Buy low, live long, and prosper. Tim
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