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Biotech / Medical : Colorado MEDtech, CMED

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To: Paul K who wrote (48)2/3/1998 3:53:00 PM
From: WallStBum  Read Replies (1) of 288
 
Since June 97 then. That's a while. And curiously you didn't sell out in the 6's. Long-term faith?

Me too.(gg) Now I'm wondering what's next. I'm no timing or charting expert, but since Fall 97 the stock has made several valiant runs up to and even into the $7's, but then always a retreat to low $6's. $5 7/8 a couple weeks ago was just too much for me to resist and I got in big on the ask of $6.

I've traded out now on hopes that a similar retreat lies ahead and also to satisfy the margin of the purchase itself. I'm not piggish and won't wait until $5 7/8 (which quite likely won't happen again). But maybe $6 3/8 is not out of the question. CMED's well above the 50 day moving average.

What do you think. You see another consolidation?

dax
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