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Biotech / Medical : MTEN - expected 1000% revenue increase in 97
MTEN 2.600+2.0%12:15 PM EST
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To: Tom Hofmann who wrote (161)8/9/1997 10:32:00 PM
From: Harold Feller   of 279
 
Evening Tom;

I really don't have much experience with stocks this low and doing
so is an experiment using insider trading.com as a starting point.
On EXSO I saw millions being sold but very few buyers. And the
stock price was holding. This indicated to me that the MM,s were
buying. MM,s don't buy and sell at a lower price. They may churn
the stock for the spread but when they are buying they will sell the
stock up. It worked well on that one. Will buy back in when MM's
start buying instead of selling like now.

I have been tracking MTEL since Apr when I saw insider buying.
As you know the stock has been drifting down and the latest
spike up caught my attention. I didn,t see any MM,s accum on
the chart so I looked for the news story and found none. So why
the spike? Usually, news coming. Also could be forming a bottom.
Do you know conversion details? Short interest?

I like the story on this stock and IMO any news will jump the stock
at these price levels to 2x etc. I,ll try to buy in @ 5/32 monday
with a day order.

I know exactly how you feel holding a stock that has kept going
down and down and trying to average down and it keeps going
down. Down is a shitty word. I have owned SEMI and it did the
same thing and I bought it 5 times going down and down. I started
buying it at 2.00 and it went as low as .88. My average now is
1.50 and last week it broke the 1.47 overhead resistance to go to
1.62 came back to friday at 1.41. I now feel safe with it as it has
turned around and may see good money in it this year.

Good Luck on this one.
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