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Biotech / Medical : CMTR-CHEMTRAK FDA OK
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To: farouk a. hassieb who wrote (6)7/7/1996 9:19:00 PM
From: Dave O.   of 1172
 
FH,

I bought CMTR based on technicals. It's only in past couple weeks that I've looked into more on the company and found out what they do. Recent FDA approval certainly brought on an interesting trading day last week. I worry a little about resistance around 5 since it gapped up the day of the FDA approval and there were lots of buys at 5 or above early in the day. Sitting at 4 it has its work cut out if it is to challenge its 52 week high anytime soon (around 6 I think).

Dave
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