Closure Medical (CLSR) fomerly Tri-Point Medical (TPMC) Message Board

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Biotech / Medical : Closure Medical (CLSR) fomerly Tri-Point Medical (TPMC)

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To: JYatsu who wrote (44)	10/4/1997 7:03:00 PM
From: Paul W	of 184

There is a good reason why the stock dropped. apparently there were 8,000,000 shares that were restricted until this week. This increased the float by 4 times. Since the shares have seen a considerable run up, profit taking was inevitable. I am a major moron because I sold at 35 when I thought the drop would come and took a 5 pt profit. Then bought back in at 35 on monday as I anticipated the drop to have happenned by then. Thought maybe it was a non event. Guess I was off by a few days. The good news is nothing fundamental has changed. It is on it's way (fast track) to approval (november we hope). This will boost the stock quite a bit. I would look for a recovery over the next few days . People will want to get in before approval. This is a good re entry point.

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