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Biotech / Medical : Matritech (NASDAQ - NMPS)
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To: Patrick Tang who wrote (94)7/8/1996 3:03:00 PM
From: Tim Zhu   of 849
 
Hi, Patrick, really thanks a lot.

The lesson I learned is painful. i had around 34k shares in the end of May which could bring me around $300k profit. Now I totally lose it because of Phase II correction. I sold a lot in the phase II correction because of margin calls. Now I have only less than 10k shares left. Since it is already in the buttom, I will reposition again and wait for phase III extension. The mistake I made is that I stick on the FDA approval too much. Fundamentally, I still remain very positive in this company. There is no reason for me to give up this stock after FDA approval. Matritech's future is brighter and brighter. Their colon cancer trial will begin soon. Their NMP22 test kit is going to bring big Rev. from now on. And the milestone is that FDA does not just approve the test kit but also "approve" the newest technology-- NMP technology in detecting cancers. It is not a dying stock. However, I will begin to ride the wave instead of just sitting for margin call.

However, I really very much appreciate what you taught me these days. I had a very good experience in such a bad market with FDA aproval. I think that uptrain of NMPS has formed a little bit. Now it need some events to boost it up. I think that the PPO and colon cancer clinical trial might help NMPS in up train.

Best regards!

p.s. BTGC is going to anounce very good earning by end of july. And its graph shows that it is in the pahse III extention. Forecase of BTGC from the rumor is $12.
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