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Biotech / Medical : CMTR-CHEMTRAK FDA OK

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To: William Presti who wrote (315)2/11/1997 4:20:00 PM
From: Art Baer   of 1172
 
Let me tell you what I think about the trading pattern......

The stock always jumps just 25% or so on good news. Even if it isn't even that good. Imagine what it will do on HIV test announcement. That's what I am waiting for. I though of selling some recently at 2 3/8 because I knew it would fall back to the one range. I didn't because I thought i didn't want to miss out on anything big. The reason I have been holding this stock for months now. So, although one could buy on no news, sell on good news I didn't haven' t and won't. The risk reward ratio for when CMTR actually breaks through the barrier will be much more worth my time and money. Buy on no news and hold.....for what? I don't know but this could very well be one of th big gainers for '97.

As Always,

Art
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