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Biotech / Medical : Matritech (NASDAQ - NMPS)
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To: Tim Zhu who wrote (57)6/7/1996 4:55:00 PM
From: Patrick Tang   of 849
 
Hi Tim, in the previous post, you were concerned about the lack zig/zag chart pattern in NMPS. Now, with the phase 2 chart formation gradually unfolding, zig/zag is clearly visible. Well, only time can tell if this is a GENUINE phase 2.

Of course, the specialists want to take NMPS down again to re-test the initial support, but I think time is running short for these scoundrels. Twice in the past two days, NMPS was taken down to $12.50 level. When there were no panic sellers at the intra-day bottoms (evidence: no heavy volumes), eager buyers jumped in on its recovery up leg (evidence: heavy volume AFTER the bottoms). Chart action looks good.

By the way, I was informed that Curtin Matheson Scientific announced yesterday that they were distributing a $17, three-minute long bladder cancer test kits. This news certainly gave an alibi to these scoundrels to manipulate the market.

Regards.
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