GZTC Message Board - Msg: 3164946

STOCKTALK

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Biotech / Medical : GZTC

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To: Resry who wrote (497)	1/14/1998 10:47:00 AM
From: Giuseppe Scalamogna	Read Replies (1) of 752

It's really tough to tell exactly but I suppose some pent-up demand pushed through after the early market rally and that triggered some overhead supply in the $11.5 dollar range which sent the stock back the other way. I don't believe in technical analysis either, and Point and Figure charts in my opinion aren't that. They are simply a nice concise representation of major supply and demand levels for a stock. It has worked well for me in the past. Obviously, all companies are driven ultimately by fundementals but the stock market is driven also by supply and demand which is tied into fundementals. Make of it what you like. I'm not looking for converts. Good Luck and Good Trading GS

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