MCAR Message Board - Msg: 3736323

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Biotech / Medical : MCAR

MCAR 0.0650

-36.3%

Jan 31 4:00 PM EST

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To: john adriaan kolenberg who wrote ()	3/17/1998 10:07:00 AM
From: Harvey DeWalt	Read Replies (1) of 467

Chart: quote.yahoo.com - Observe the lack of previous trading volume at prices ranging from $9/share and above ... this means that technical resistance or stock 'supply' (selling pressure) in this price range is marginal in the most pesimistic scenario - notice that the "base" has been built at around the $8.875 and $9.125 range - take note that during several SIGNIFICANT break-outs, the stock has traded in a pattern consistent with the one we see now. For example: Feb/97; Oct/97; Jan/98; Mar/98 (NOW!) - bottom line ... based on current momentum, there's no reason to expect anything less than $12/share by mid to late May of this year (70 days) ... this is highly conservative and does NOT account for the impact that a NASDAQ listing will likely have - THERE'S MY T/A ...

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