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Biotech / Medical : IMAT - ultrafast tomography for coronary artery disease -- Ignore unavailable to you. Want to Upgrade?


To: Angel Medina who wrote (2755)11/12/1998 12:31:00 AM
From: Bruce Rozenblit  Respond to of 3725
 
You have to keep in mind that this thing is coming off a low of 13/16 and 2 5/8 is a long way from there. These people tripled their money and want to take profits. Also, I wouldn't be surprised if more shorting didn't take place at 2 1/2. Realistically, I don't expect it to get over $3 for several months at least and would be happy if the price stabilized at 2 1/2 to 2 3/4.

You can only ride down a sliding board so many times before you get some splinters. We have used up most of the instant shock appeal for big rallies. People just aren't going to bite as vigorously as they did. The ascent will probably be much slower now.



To: Angel Medina who wrote (2755)11/12/1998 7:46:00 PM
From: rairden  Read Replies (1) | Respond to of 3725
 
My 1st purchase was 11/91 at this same price, $2 even.
Just had to look back and see how many potentially
profitable price-cycles I've mis-timed and otherwise
screwed up. You'd think after a couple years we'd learn
how to take advantage of our experience with this issue.
I was hoping the GE deal would make things different.
No clue how this company will be valued a year from now.
90 percent probability of between $0.25 and $11.00 ??
Squarely among my "pure speculative" holdings.