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Biotech / Medical : MCAR
MCAR 0.0650-36.3%Jan 31 4:00 PM EST

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To: zgoodman who wrote (149)3/20/1998 9:00:00 AM
From: Harvey DeWalt  Read Replies (1) of 467
 
My "recommendation"? ... Do as Oxford Barnes says, "Buy & Add".

MCAR will likely break out EXPOLOSIVELY when it trades sufficient volume.

The stock has no significant 'resistance' at the $9 level ... this means people have not bought or sold the stock in this price range before, except in a very limited way.

Personally, I feel MCAR needs to trade another 350,000 to 500,000 shares in the $9 to $9.50 range in order to "break out".

I think when the stock DOES break out though, it will be in a big way because it may well be around the same time as the Company announces more locations ... Should MCAR announce its formal move to NASDAQ, I calculate the stock will likely hit the $12 - $14 range.
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