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Biotech / Medical : Matritech (NASDAQ - NMPS)
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To: Patrick Tang who wrote (39)6/3/1996 7:45:00 PM
From: Tim Zhu   of 849
 
Hi, Patric,

Thanx for your warning. NMPS droped 7 days without news. I already hold it for a few months. Today's drop seems to be a very good opportunity for me to buy -- Big volumn brought up finally. I think that NMPS has been near the $12 support. Most of the stocks will bounce back before touching the new support if punching through the old one. As my experience, tomorrow should be the buy day. But, I'd like to know your opinion about the Elliott Wave theory before I take buy action. I will appreciate if you can tell me the possible prediction by Elliott Wave. BTW, can you briefly tell me what the E. Wave looks like or tell me where to get info about E.wave.

I am still very positive to this company by its fundamental. I am not afraid of its drop because Matritech will be a very good takeover candidate if it drop too much! However, FDA's approval date is closer. I don't want to reduce my position in such a low price. Hope it can recover soon!

Regards!
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