Matritech (NASDAQ - NMPS) Message Board

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Biotech / Medical : Matritech (NASDAQ - NMPS)

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To: angra manyu who wrote ()	6/3/1996 7:40:00 PM
From: RICHARD LOCKIE	of 849

RECENT DECLINE I can find no reason why this stock has declined in the last few day. It appears, either one or all of the following happened: 1- All the short term investors hit the exit at the same time. The stock broke out at $11 and ran to $17.38. A %50 retracement would place the stock at $14.20. At this price the stock is worth buying again. You short term traders may catch a 2 point rebound during the next two days. 2- Some bad news from the FDA is leaking out. I don't believe this is true. This is probably one of the best biotech stocks to invest in and rivals TRIBY (see thread). Its hard to say if the decline will continue tomorrow, causing a panic bottom. I think the stock will bottom out tomorrow and represents an excellent chance to invest more in this company. If the stock retreats to where it broke out ($11 to $12), buy alot more. Richard Lockie

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