CRDM DD......Look for this to pick steam in the coming days.
Chart indicates a bounce in the near future. A good time to pick up IMO....short term target of $5.
bigcharts.com
To: KevinMark who wrote (77319)
From: KevinMark Monday, Feb 21, 2000 4:38 PM ET
Reply # of 80562
Guys, I think it's time to start looking at Cardiology stocks for the American Academy of Cardiology coming up in March. I have compiled a list of potential stocks that may be impacted due to this conference. Please feel free to add as necessary. I expect some of these issues to get some play in the coming weeks. Here it goes:
acc.org
Stocks to watch:
CRDM, BSX, BCR, JNJ, VASO, ABMD, GDT, MDT, JTJ.
My 2 biggest plays on this list are CRDM and VASO.
CRDM.....Cardima, Inc. designs, develops, manufactures and
markets minimally invasive, single-use, microcatheter-based
systems for the mapping and ablation of the two most comnon
forms of cardiac arrhythmias: atrial fibrillation and
ventricular tachycardia.
CRDM has a float of only 3.3mil and has many eyes on it. Trading currently @ $3 1/8. Large blocks were bought in
the $ 2 1/2-3/4 range last week. They have just recently formed a distribution agreement with St Jude Medical (STJ)for their micro catheters. Also STJ has taken a minority
stake in Cardima. CRDM's 52 week high is 4. It encountered
resistance @ $3 1/2 on Wed, Thurs, and Friday. Once it breaks $ 3 1/2, the next stop is $4 (52 wk high). Once $4 is taken out, it will be a runaway freight train. MM's have held it down on heavy volume. I personally know a NYC firm who bought a ton of shares last week. They fully expect a breakout this week. The same firm called CBMI @ 3 now $21, IMMU @ $1 now $30, XOMA @ 3 now $10, and got into AIMM on Friday. Look for continued action here. Use your own judgement here but, don't discount what I've presented here too. Good Luck.
VASO.... Vasomedical is engaged in the commercialization
of the enhanced external counterpulsation (EECP) system, a
computer-based medical device for the non-invasive,
atraumatic treatment of patients with coronary artery
disease.
VASO has a much larger float of 46 mil but has consolidated for several weeks now.
Any decent amount of volume will cause a breakout. Trading currently @ $2 3/16. VASO has been basing for about 2 weeks now. Anthony @ Pacific is long on this stock as well as many others. $2 3/8 is the key breakout point for VASO. That will indicate the mm's have enough shares and want to move it to the upside with continued volume. I have a small position in VASO and will add more on the breakout. Happy Trading.
KM. |
