Novametrix Medical Systems, Inc. Message Board

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Biotech / Medical : Novametrix Medical Systems, Inc.

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To: Chartgod who wrote (201)	2/22/2000 7:32:00 AM
From: Roland Batson	Read Replies (1) of 207

Jim, I just went and checked out the "search" you sent me to. Yes, interesting, BUT it seems that NMTX was just one of many and even that it only triggered some kind of filter. Historically, as a very thinly traded stock and a company which has many LT very tight fisted holders I continue to question the success of TA with it. The fact that it spiked and on great volume was enough to flag it, BUT do you see anything that is there to imply a trend? With TA shouldn't you have bought earlier last week and sold on Friday? What are the chances that there is "bad" news coming and some MM manipulated the share price on small volume to new highs only to suck in an unsuspecting sucker to take a large position - since this sucker is always in the wings waiting for the "rumor" to come true? Point is, considering the area you sent me to what would the typical TA "trader" be doing this morning and the rest of this week with NMTX? Do they unsuccessfully chace it back to $6.75 or buy here at $6.25 to $6.50 - maybe? Maybe they "hope for" a pull back to the high 5s where it had some resistance and likely will go, assuming no news. I don't mind using TA but have struggled with low volume COs. What are the chances that someone "shorted" the 35M and 50M shares at $6.75 at 11:30AM only to cover at $6.25 at 2:30PM? That'd be about 170,000 of the total. <<http://finance.yahoo.com/q?s=NMTX&d=1d>> IYHO, where do we (NMTX) go from here? Roland

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