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Biotech / Medical : CTEC: Cholestech any other investors?
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To: werefrog who wrote (542)6/26/1998 9:41:00 PM
From: Mr. Aloha  Read Replies (2) of 710
 
I follow stocks that go up too fast or down to hard.

I used to track them to see if they bounced or fell back etc..

Any stock that falls 45%+ has a very good chance of rebounding a little. The news was certainly not the end of the world. It will limit a return to double digits for awhile but it could certainly regain a little lost ground.

Here's an example of what MIGHT happen on Monday. The stock is ASPC and it was slammed yesterday. It wasn't hit as hard and the news might have be imagined as WORSE. I didn't buy it because I don't know what I'm buying until the company talks at 4:30pm Tuesday 30th.

Here's a chart...

host.telescan.com

Here's another one on ASPC..

techstocks.com

The stock traded down and then buyers came in and closed up for the day. If buyers are willing to step in with an unknown market condition such as ASPC, I personally believe CTEC is oversold.

I personally think CTEC will either gap down or up and will most likely finish the day higher than $6.375 today. I'm going to watch the open on Monday and buy more when I think the time is right. My first order was at $6.875 today. Like I said, I follow these types of stocks.

This will be a very interesting Monday. I think I have an excellent chance of making 10-20% on this thing.

Aloha
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