Matritech (NASDAQ - NMPS) Message Board

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Biotech / Medical : Matritech (NASDAQ - NMPS)

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To: Jim Marks who wrote (401)	4/8/1997 4:15:00 PM
From: Guy Costa	of 849

Hi Jim...sounds like you got the same runaround at IR as I did. The action, however, is quite interesting. The fall from the 7 1/2 to 8 area down to 4 took place on very light volume. My guess is without sponsorship, market makers just melted the bids all the way down. So in some respect it is not surprising to see this pop. And, looking at today's behavior and the 1 or 2 year charts it is not unrealistic to see a bounce back to upper 6 or even 7s. However, lots of resistance between 7 1/2 and 8 1/2. So looks like we may be back in a decent trading mode after loe these many months...unless as Damon suggests there is "something" out there we don't know about. I'll stick with the trading potential for now...long term on this one is still loooooong! Ciao

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