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Biotech / Medical : CTEC: Cholestech any other investors?

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To: epicure who wrote (74)7/26/1997 9:40:00 AM
From: John Kratus   of 710
 
I've been away for a week and had no access to a computer. So I couldn't post this earlier.

What the hell happened to CTEC? It goes through the roof with no earnings release or news announcements. What gives? Does anyone have any ideas?

I hate to be disloyal to the cause, but I sold 1/6 of my holdings in CTEC as a precautionary measure at 7. (A lot of CTEC and a little Iomega are my only long positions. I'm mostly short in Coca-Cola, Kellogg, Zitel, and Micron Technology.)

CTEC has drifted lower after its brief flirtation above 7. With earnings due this week, it should be interesting to see whether it skyrockets or tumbles. My guess is that it will do one of these, and I hope its the former and not the latter.

Good luck, everyone (all 2 or 3 of you who read this board).
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