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Biotech / Medical : Chromatics Color Sciences International. Inc; CCSI -- Ignore unavailable to you. Want to Upgrade?


To: Roger A. Babb who wrote (2889)6/11/1998 3:10:00 PM
From: peter michaelson  Read Replies (4) | Respond to of 5736
 
Roger or anyone:

Do you have an explanation for this:

I swear this stock is living in opposite land.

The strong rebuttal from CCSI comes out and the price is now going down towards $7 again.

Asensio (we ought to spell his name right, if only to protect our own reputations) gives an interview and the price goes up.

OK - I can play opposite - I do it with my kids all the time.

Peter



To: Roger A. Babb who wrote (2889)6/11/1998 4:49:00 PM
From: Doug Shapiro  Read Replies (2) | Respond to of 5736
 
Roger
This was an excellent article to read for those short and long this stock. Ascencio did shoot from the hip a little bit but the bottom line is that there is no market for the machine. No matter how nice the product they will not be able to sell enough at a high enough price to cover costs of marketing and development without a secondary offering. This is the most immediate negative. There will not be earnings enough to support a share price above $5. This is the looming fatal negative. It is only a matter of time. If they wanted to put an end to this bear attack on their stock they could just announce who they are in negotiations with and it would stop. They don't have a white knight to save them from a bad business plan.

fwiw

Doug