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Biotech / Medical : CMTR-CHEMTRAK FDA OK

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To: jeeza who wrote (478)3/10/1997 7:05:00 PM
From: J.B. Piper   of 1172
 
The point is that the selling took place at the end of the day . . not a good sign in my opinion.

I followed the stock on and off all day and never saw two 15,000 buys. From what I could tell, everything after 30,000 was all sells today.

I'm going to reinvest some of the money I've had sitting in this for a while.

I might get back in if I see it testing new lows (which I think will happen).

From my understanding, we're quite a ways away still from HIV approval along with even seeing 1st quarter results.

Even if HP Check starts shipping in April (I'll believe it when I see it), we won't see the results of that at least for a few months.

Again, I could be making the biggest mistake of my life and the shares could triple by the end of the week, but I don't think that's going to happen for a long, long time.

Selling is the best move at this point.

Piper
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