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: lawrence lerner who wrote (89)	1/31/1998 9:57:00 AM
From: Paul W	Read Replies (1) of 184

Hard to imagine that some could interpret approval as "bad news" but analysts will be analysts. It was a short market yesterday. Volume should be high monday as the news circulates and "new money" hits the stock. Selling should exhaust quickly. Reasoning: Why sell now with the good news out. This was the major hurdle. Major support has been about 24-25 for a long time. This price had much of the downside priced in since it had been up to 38 on pure speculation of approval. If you did not sell at 29 without approval...why sell at 28 with approval. The opportunities for this company have just begun! Possible buyouts, new product development, future profits. They have worldwide distribution through Ethicon on a ground breaking product. Kids across the world... no more stitches!!

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