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Biotech / Medical : CMTR-CHEMTRAK FDA OK

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To: Leroyt who wrote (1051)6/4/1998 3:02:00 PM
From: surfinSteve  Read Replies (1) of 1172
 
I certainly see the potential for impact and the stock has definitely reacted to the news. We have 6 times the normal daily volume so far today and the stock did rise strongly shortly after the announcement. It has since settled back.

The possible financial impact of a new finger sticking device is large because of the number of diabetics that must endure that torture on a few times a day basis.

Given the sorry past performance of CMTR, I can't blame anyone for being skeptical.
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