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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: dpg48 who wrote (40166)5/14/1999 12:50:00 AM
From: kathyh   of 90042
 
matx... closed yesterday at 2 3/4... opened at 8 1/4...

high today 9 1/4, low 6, closed today @ 6 5/32... ++ 3 13/32...

23 million shares traded... avg. volume 32,000

looks like people got real excited at first about fast track approval, that's why it opened so high, but then they realized, as you said, that fast track means two years, and a bit of the shine wore off!!

probably explains the rise and fall of imcl as well, sympathy move...

kathy :)
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