Catalytica Energy Systems, Inc. (CESI) Message Board

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Biotech / Medical : Catalytica Energy Systems, Inc. (CESI)

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To: WTMHouston who wrote (1046)	2/9/1998 9:08:00 PM
From: stockycd	Read Replies (1) of 1514

CTAL dropped below it's 50DMA because the trading range narrowed so much in Dec and Jan. The contracts tend to trickle in. I would like to see them flow in. We may be in for a rough ride until CTAL can convince investors that they are growing and can sustain themselves past the supply agreement with GW. I think the trading range for the next 3-4 mos will be 10.5-13.5. I am long right now, but if the price gets back to 13.5, I may have to go short with some puts. One thing I didn't notice in today's press release is a dollar value put on the contract with Monarch. It must not be worth much or they would have surely mentioned it.

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