Theo,
Hold on there, stranger. First, I get a
quote of only 1 1/2, not 2 9/16 as you
report. Not that it helps my argument,
but I think you should consider being a
buyer, not a seller.
First, from a tech anal point of view,
1 1/2 is the support level.
Second, you might note that volume is
*extremely* low. At these levels of
trading, the gyrations mean almost nothing.
I think you would see some big blocks
trading if there was "insider bad news"
leaking out. I think that what the PR lady
Robin was saying, holds true...that the
Ampalex studies are in the hands of Doctors,
and that nobody knows when the results will
come out...but just as a hint, watch for some
big "Doctor Blocks" trading upwards and you
might just have your answer.
-John
(who is long, and patient)
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