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


To: TA2K who wrote (1077)6/16/1998 1:25:00 AM
From: TA2K  Read Replies (1) | Respond to of 1172
 
No additional big buys at market close today, but no large sell-offs either. Most other similar stocks today were down, as was market as a whole. CMTR held its ground, and had those two 10K buys late in the day. So I still am optimistic of an upturn.

Someone over at Yahoo today said that brokers he spoke with feel that CMTR's problems are past. His input corroborates my hunch -- the brokers and MMs (sad to say -- not the long-time CMTR holders) are what makes stocks move, and CMTR at 3/8 or 11/32 is probably undervalued, and ripe for picking, particularly after recent Pfizer agreements and positive press. I expect to see MMs entering market now buying 10K and 20K blocks. Then there could be another mini-frenzy, and an upward pop.

Nicholas