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Biotech / Medical : CMTR-CHEMTRAK FDA OK
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To: DeadHead who wrote (14)8/29/1996 12:18:00 PM
From: Dave O.   of 1172
 
I think I recently saw that they needed to withdraw their cholesterol test data and resubmit to FDA. Stock has been beaten down and not recovered since June-July correction. Seems like many of the smaller stocks without real earnings are not coming back. I think with CMTR patience will be the key and they need to gradually move toward profitability. CMTR doesn't do much day in and day out, just hanging around 2. It seems as if it's at or near bottom as it doesn't seem to move much lower even on down NASDAQ days. I hold some but will not be adding to my position at this time.

Dave
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