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Biotech / Medical : CMTR-CHEMTRAK FDA OK

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To: surfinSteve who wrote (255)1/22/1997 4:31:00 PM
From: J.B. Piper   of 1172
 
Agree, hope the ask stays as low it as it does so I can buy more. I'm
going to have some more funds available in a few days to buy and anytime
this stock drops below 1 1/2 it is a great buy in my opinion. Sell off
was definitely by short term investors who must have had unrealistic
expectations for earnings.

Again, echoing what I said in an earlier post, these estimates are right
in line with where the company is at at this juncture.

Patience, patience, patience, and I really believe we'll be rewarded.

Anybody notice that SLF on the American, which is the company CMTR
signed with for European distribution trades at around 12. They do have
larger revenues, but from what I could tell, they have yet to make a
profit either.

I'm not saying CMTR will reach 12 by any means, but just saying this
stock has a lot of up momentum ahead of it.

Glad to see there's more patient investors here on this thread. I
hope the ask stays below 1 1/2 for another week, so I can buy more
as well.

Happy trading.

Piper
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