CTEC: Cholestech any other investors? Message Board

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Biotech / Medical : CTEC: Cholestech any other investors?

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To: Duane L. Olson who wrote (426)	2/20/1998 11:42:00 AM
From: MulhollandDrive	Read Replies (3) of 710

Duane, CTEC recently broke thru the 50 and 25 DMA, on above average volume. As far as news is concerned, sometimes the chart "forcasts" news. In other words those in the know are buying the stock before "news" becomes public. It is possible that could be going on here, or it could be something as simple traders taking notice of the moving averages and jumping on board. If CTEC breaks out on heavy volume the 15 3/8 high, I'd have to guess that something is up. I heard a report earlier in the year that lots of bio-techs could be buyout candidates for the big pharmaceuticals. Makes sense, the small bio-techs are cheap and the big pharma's stock prices are quite rich. I'll be watching. bp

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