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Biotech / Medical : CMTR-CHEMTRAK FDA OK

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To: Miles Rhyne Hoffman, CFA who wrote (352)2/20/1997 9:00:00 PM
From: Art Baer   of 1172
 
I don't really like alot of other little Biotechs...

Miles- CMTR is very different from others. I admit there are alot of companies that say they will have easy to use tests. They may or mayu not. the only reason I am in CMTR is for their two next products. Although announcement of new products down the road, might help out the short term stock price, it won't significantly until we see revenues from them. Look at the ColoCare test CMTR just announced. Perfect case in point. i really could not care less if they announced tomorrow that they are getting in to a new market. Look how long it is taking them to do HIV test and H. Pylori. Years. I don't think CMTR should drop below 1.5 even though we ahve been seeing some selling. 1.5 may be a good entrance point for any interested in trying to play Astra-Merck release of HpCheck. (IMO)

As Always,

Art
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