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Biotech / Medical : CTEC: Cholestech any other investors?
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To: Duane L. Olson who wrote (455)3/17/1998 8:56:00 PM
From: Phil Rogers  Read Replies (1) of 710
 
I don't really know how big a deal this news item is one way or the other. I wouldn't expect it to move the stock one way or the other.

However, the stocks pullback today was to strong support at 13 (based on the previous basing and the 50 day moving average). The pullback was on extremely low volume (22,400 vs 96,900 average). This is a good sign. The sellers dry-up before the buyers overcome and the stock breaks-out. Obviously no guartentees, but a good sign. IMHO

Phil
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