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Biotech / Medical : CMTR-CHEMTRAK FDA OK

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To: jeeza who wrote (344)2/19/1997 8:58:00 PM
From: J.B. Piper   of 1172
 
I'm surprised and concerned by the 1/4 drop today.

I think this stock has steady support, but I'm surprised that it took a dive
so much today. Jeeza, my question to you would be where did you hear
this source of "big news"? Is that your opinion? Did you read that
somewhere?

Secondly, even if people are getting in, it's obvious that they're
getting out as well. It wouldn't have fallen 13% if that's not the
case.

I agree there is an increase in volume, but it's not just all buying or
else the stock would be higher. That may or may not indicate increased
interest.

I'm holding this stock long term and will continue to add more as finances
allow. I think it's got a great future and products down the road.

As for the 80,000+ block that was traded yesterday . . was that a buy
or sell? Increased volume is interesting, but I'd hate it if we're
premature in guessing too much . . . volume tends to be sporadic on
this stock as does its price.

Perhaps I should rephrase my first sentence in that I'm not as much
concerned as I am surprised that the stock finished lower when these
somewhat large block trades have been going through. Who knows?

Not us. That's for sure.

I did check out the TRIBY board and agree with Art's comments. I am
grateful that this board has had a loyal field of supporters and people
that really believe in this product and company. There's been relatively
no hype or rumors I think partly because of the integrity of the people
who post on this thread and the fact that CMTR really is a great company
with a great future!

Still holding,

Piper
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