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Biotech / Medical : CMTR-CHEMTRAK FDA OK -- Ignore unavailable to you. Want to Upgrade?

To: TA2K who wrote (1074)6/11/1998 8:18:00 PM
From: Mr. E  Respond to of 1172
 
from # 1047: <<IMO, CMTR is a company with a long (relatively) history of troubles: multiple layoffs, management changes, declining stock price, little or no growth, etc. At these prices it might be worth gambling. But, again IMO, the investment would come under the heading of "wishful thinking".>>
Yesterday and today were the result of PFE watchers getting some action based on CMTR's name being in the same news with their sweet thing. Sort of a mini feeding frenzy (yesterday). When some CMTR holders realized what was going on, they put in their sell orders hoping to pick up a few cents/share. By that time (today), there was more bait in the water then fish willing to bite. Also, by today, the fish had had a little time to do some DD and went looking for more appetizing fare.
LOL



To: TA2K who wrote (1074)6/12/1998 6:54:00 PM
From: TA2K  Read Replies (2) | Respond to of 1172
 
Looks like we're at bottom. After the shearing-of-the-masses stops, probably by Monday or Tuesday, there will be a pause in activity, then a slight upward movement going into the New York activities next week.

I think if one holds through the board meeting and into the reverse split, one will probably lose. But, timewise, going into that time, I expect an upward rise.

Any other crystal ballers out there?

Nicholas


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