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

To: John R Resseger who wrote (2827)	1/6/1999 10:43:00 PM
From: TA2K	Read Replies (1) \| Respond to of 3725

IMAT ascent certain to continue.... I may be wrong about "by this weekend".... I'd say that the ascent will occur within 2 to 4 days, most probably two. Trouble is, price may go down a bit further before it starts up again. But I think, based on charts and TA, that we'll see at least $1.75 sometime between now and the end of next week. For those really TA inclined: I think the MACD is going to cross the zero line within days. I think it's statistically inevitable. And usually when this happens, it pops up on a lot of TA computer screens, and buy orders start flowing. But there are many other reasons to expect a further price rise. The reason IMAT went down today is profit taking, pure and simple. Do you think that the Mayo Clinic study warrants another Imatron press release? A second such press release would be helpful. But I think what the market would really like to see is another contract for shipment.