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Biotech / Medical : CYTYC
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To: Chris Spychalski who wrote (46)1/9/1997 4:46:00 PM
From: richard luis   of 79
 
CYTC has had 3 peaks in the last 5 week in the 22 - 26

range. It seems to go down on low volume trading, but

then it seems there are big volume trades made at lower

prices. To be totally optimistic it would be accumulation

by institutions; to be pessimistic it could be daytraders

and shortsellers. Your guess? If institutions are buying

then supply would be decreasing, causing prices to eventually

increase. Good reason to issue more stock.

Fundamentally, until there are good revenues volatility

may be the norm.

Technically, it might be said that gaps in price are being

filled which may lead to higher highs and higher lows.

I think the lows are a buying opportunity and

it may take several quarters to become revenue positive.
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