Matrix Pharmaceutical (MATX) Message Board

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Biotech / Medical : Matrix Pharmaceutical (MATX)

MATX 131.06

+0.2%

12:15 PM EST

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To: MOLLYSUE who wrote (200)	5/14/1999 12:50:00 AM
From: robbie_nw	Read Replies (2) of 240

Bio-tech stocks usually sell down rather quickly after positive news.....because even "great" news like this still won't effect revenues or profits for quite some time (2nd half of 2000 before fda testing even begins). Short term traders took this one up....and short term traders have limited attention spans....and will quickly take it quickly back down. I would strongly suggest you take your profits quickly.....I fully expect to see sub 5 tomorrow. All just my opinion of course. (I hold no position...long or short....but am quite tempted to go short tomorrow)

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