Phymatrics (PHMX) Message Board

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Biotech / Medical : Phymatrics (PHMX)

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To: Andrew Q. Viet who wrote (83)	9/3/1997 9:32:00 PM
From: Ross	of 118

Andrew, you said: "From the technical standpoint, do you think that phmx may hit 15 before undergoing consolidation period?" This stock has so much resistance overhead. It corrected more than I thought it would from the June highs. Though not unusual for an Elliot wave 2. (which, by the way, I believe it is in.) I look to see $24.00 someday! But things being as they are it could prove me wrong.. I'm long, cautiously. Next Tuesday/wednesday could be trouble. Our software has an indicator that gives reversal days and 8 out of the last indicators it was right.. Some of these are very short term corrections. (some are nothing..) Anyway, short term positive, cautious medium term, bullish longer term... ($15.00 seems very likely.) My two cents worth.. :D Ross

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