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Biotech / Medical : IMAT - ultrafast tomography for coronary artery disease
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To: TA2K who wrote (3697)6/11/2001 3:03:28 PM
From: TA2K  Read Replies (1) of 3725
 
Today I'm relieved to see....

...based on relatively low volume trading at bid today (200K), that the market doesn't seem too much concerned about the weekend's Heartscan news --- apparently not many holders feel there is an exigency to dump IMAT. That's mighty good news for IMAT longs. The price drop can, and will, be easily made up within days.

Conclusion #1: This week's previously anticipated strong rally has been canceled. Rest of month will be slow and fairly steady rise, not a massive flurry as was anticipated before. I've lowered my target selling price between now and the end of June; My limit sell orders are ready to be submitted;

Conclusion #2: Today appears to be a ***very*** good day to jump in, if you haven't already done so. The minor weekend negative news has provided one final terrific window to jump on board the 'IMAT Rocket Ship' just before a two-week steady rise, not to the moon, but to at least the International Space Station;

Conclusion #3: Watch if Imatron reacts with a PR. Their response, or lack of it, will further tell of the level of competency of Imatron management. My hunch is that present CEO Meyer will **not** respond, even though he really should, for the benefit of shareholders. Form your own conclusions. Imatron Board Members please take note.

Be tuned!!

(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
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