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Biotech / Medical : CMTR-CHEMTRAK FDA OK
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To: Art Baer who wrote (130)12/9/1996 10:55:00 PM
From: Miles Rhyne Hoffman, CFA   of 1172
 
Art, watching this post I thought/think people give TOO MUCH rats ass...

I bought CMTR just over $3 and still own it, so I have a vested interest in it going up. However, as I read these posts I see TOO MUCH HOPE and not enough reality. In posts where I've noticed this tendency, you could probably make money shorting!

What really bothers me is that I/we have a lot of company... BIG company (www.stocksmart.com - in "my portfolio" I click on the stock and get institutional owners... there a several with large positions! as of 6/30). This stock coming into the market could certainly be depressing the stock! Are they selling? Do they know something I don't?

In the end, I just can't get enough info. There seem to be a lot of companies pursuing this field... regretably I found this out after I bought CMTR. Now CMTR, for me, is just "a future tax loss".

And the sales/EPS that drive stock prices are not coming through. I haven't seen any info to suggest they will come in the future. I also have to note that this is a very small cap stock. Institutions are what would drive this stock significantly higher.... but CMTR has slipped to the "too small" market cap to be on their radar screens.

Here's to HOPING it goes up, but I'm counting this one as a total loss!
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