GZTC Message Board - Msg: 1518733

STOCKTALK

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Biotech / Medical : GZTC

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To: Rocketman who wrote (248)	6/3/1997 12:42:00 AM
From: Giuseppe Scalamogna	of 752

I haven't posted for a while, but now since I have more time I'd like to share with everyone a little techincal indication of where the stock may be headed. In Point & Figure charts we are setting up for two VERY BULLISH formations. The first of these is the completion of the Bullish Catapult formation which would occur @ 10 1/2. The more likely formation is the Bullish Triangle formation which has developed nicely in the past few months. We need two more colums to complete it and I'm expecting the pattern the complete @ 9 1/2. Either of these patterns would be a good sign for the stock. The P&F chart looks wonderful and GZTC has so far held a bullish support line dating back to July 1996. Coupling this with good news from ATIII Phase II trials we could see a very healthy bounce in the share price. If anyone else would like to ask any questions on why these two formations are significant please don't hesitate to ask. To explain all at once would take forever. I hope someone does ask though because what these charts are telling me is driven by the fundemental forces that in the end drive stock prices besides fundamentals and what not; supply & demand. GS

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