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Biotech / Medical : Matritech (NASDAQ - NMPS)
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To: Mark Mueller who wrote (158)7/31/1996 12:04:00 PM
From: Patrick Tang   of 849
 
Mark: Welcome to the world of NMPS. You are right on the MARK in your projections which represent an ideal situation if every piece of the technical as well as fundamental puzzle falls into the proper place. However, there is a joker in the deck: the ineptness of the NMPS PR departmment will delay the time window of allowing us wild-eyed enthusiasts to reach our final financial orgasm.

In the immediate term, NMPS is poised to bounce back to the $13 trading range (Post #120) because of the following observations:

1. NMPS is still in a bullish trend, and a 50% retracement of the prior decline is a technical requirement that HAS to be fulfilled.

2. Two one-day reversals within 7 trading days denote strength, not weakness.

3. The testing of the all-important 200-DMA seems to be successful.

4. A double bottom with heavy volume seems to have been established.

5. The specialist is running out of time to accumulate (Price/Volume actions for the past several trading sessions strongly suggest this).

6. The General Market is running out of time to meet its pre-determined trading range towards November (Why pre-determined? Because when dealing with billions and billions of dollars, these manipulators will never take chances).

7. The mass psychology is cautious or bearish (Roger, thanks for the Forbes article). This is an ideal spot for the DJIA to making its pre-planned moves.

Mark, events are unfolding now to fulfill every single items that I listed in posting #120. Before my seclusion, I thought that my technical training had a lot to do with it. After seclusion, I SUDDENLY REALIZED that I was wrong. It was not technical training. It was my deep-down desire NOT to make any money!!! No desire leads to no anxiety. No anxiety promotes inner peace. Inner peace cleans thoughts. Crystal clear thoughts turns me into a cold-blooded trader. Period.

Thank you for your book offer. I have read most of the published materials in Zen and Tao. Now I have evolved to a state of understanding my existence in this world via SUDDEN REALIZATION. As I told Roger before: Life is good in this world, but "life" will be so much better elswhere.

Best wishes from a mad monk!
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