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Biotech / Medical : Matritech (NASDAQ - NMPS)
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To: eugenic1 who wrote (118)7/16/1996 1:10:00 AM
From: Nelson Chang   of 849
 
The market is indeed selling off...it is past breaking down which is good - most of the market leaders have already undergone significant corrections. Hopefully, there isn't much left.

I heard something encouraging the other day - something that borders on the edge of common sense. If in fact we are not in a bear market, then every correction has indeed been a buying oppotunity. What was it? The market has returned something like 14% annually for the past several decades? If the correction is not over yet, it will be soon at the pace the market is selling off.

Anyways...NMPS is one stock I am confident about in my portfolio. Because there are no current earnings for NMPS, it is showing a little weakness, but looking ahead the fundamentals are as strong as ever. European and foreign sales of the test kit along with domestic sales later will cause earnings to surge. As Chubb indicated, we will start to see a "positive trend" at least in revenues when earnings are announced in Augest.

This company reminds me of OLGC when not many had spotted it. Shortly after OLGC did report its first profitable quarter which sent the stock soaring as people realized how much of the market OLGC would capture with its product which was significantly cheaper and more effective than its competition.

Regards,
Nelson
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