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Biotech / Medical : CTEC: Cholestech any other investors? -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Aloha who wrote (546)	6/27/1998 8:20:00 AM
From: werefrog	Read Replies (2) \| Respond to of 710

Once a stock goes down because of earnings and or in this case competition also, then comes the analyst downgrades. ASND, JBL, PETM are a few examples. I made money on the above because they announced earnings after the bell and I was almost certain thay would open at the day low, bounce up during the first hour or so, then continue down for a while. JBL took a hit from 39 to open at 33, I bot at open and sold at 34 in about 10 minutes. It bottomed out at 30 in a few days, but most go down 30% like PETM & ASND. Good Luck Monday, but don't expect this stock to do anything but a brief bounce, then continue down to about $4 or so when the analyst lower CTEC. Jim - Dallas