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Biotech / Medical : Matritech (NASDAQ - NMPS)

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To: Guy Costa who wrote (397)4/8/1997 11:50:00 AM
From: Damon Pham   of 849
 
Hmm, the ask was just raised yet again to 5 1/4. All the trades have up on upticks and most of them have been at least 1000 shares or more.

Bottom fishing for tech stocks yes, NMPS---I'm not so sure since people who know anything about this stock know that they aren't going to be making any money for some time. I agree with you though, this stock is way oversold. However, I expect this could be a temporary thing. Earnings are due 4/28 I believe and if it follows the trend of the past couple of quarters, the stock will tailspin from there (unless some news breaks to lift it upward).
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