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

To: werefrog who wrote (547)	6/27/1998 1:14:00 PM
From: Mr. Aloha	Read Replies (2) \| Respond to of 710

CTEC has plenty of support around $5.50 so I view that as the basing area if needed. One thing to consider is the institutional ownership. How much do they own right now and what do they want to say. If they are still in they will mostly likely avoid a sell order. I've seen many analysts issue a sell order and then turn right around and issue a BUY or LT BUY because the stock was oversold. Right now we have 1 Strong BUY, 1 BUY and 1 SELL. I have a buy order at $5.50. I view this as an excellent opportunity to make safe money. 9 out of 10 slammed stocks move back up to try and fill part of the gap within 60 days. My money says an order at $5.50 will be worth $7.50 - $8.00 within 60 days. I'll take 35-45% for patiently waiting. We'll see who's right on Monday! Have a good weekend. Alohaaa