CTEC: Cholestech any other investors? Message Board

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Biotech / Medical : CTEC: Cholestech any other investors?

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To: Duane L. Olson who wrote (654)	7/23/1999 6:08:00 PM
From: Lane3	Read Replies (3) of 710

No, never did average down, unless you want to count the purchase I made at 10ish ;-). Given my basis in this one, I could let it run up a few more points and still effectively average down (sigh). I can clearly see the momentum, and it intrigues me, but I lost confidence in the company and their strategy a while back and I'm waiting for new info to change my mind back. It once made so much sense to me to have these machines right in the doctor's office. I just recently ran out of cholesterol medication because the doctor wanted to wait for the lab results to prescribe a different medication, then there was a mix up in the office, and so on. Much better to walk out of the doctor's office with the prescription in hand. But I've asked several technicians about the machine and they had never heard of it. Further, they assumed it could never be accurate, and I couldn't disabuse them of that preconception. As far as the drug store strategy is concerned, that never made sense to me. Doesn't mean it can't happen or won't happen, only that I can't get my head around it. So i wait for new info to throw into the mix.

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