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Matritech, Inc. (NMPS) Message Board

  • natelew2002 natelew2002 Oct 15, 2001 4:45 PM Flag

    Technical Selling

    Folks, technically all stocks retreat about 50% of any sudden move before continuing there upward spiral.

    NMPS ran hard from $1 back to where it was before the surprise sale.

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    • Good point, nate. Also, While agree it would be encouraging to see Corbet buy shares, I'm not sure I agree it's the ALL IS WELL sign some might want it to be.

      How many options does he have?

      • 1 Reply to Horatio53
      • Horatio,

        Thanks for agreeing with me. However, I don't think you will see any more insider buys happening until 2-3 days after there quarterly report at the end of the month. Usually the insiders are restricted from buying or selling immediatley prior to a quarterly report.

        My final point is that now we are cleared for some technical buying! Perhaps MM's will shake out some weak hands by scaring them at the opening, but the stock in my opinion has done the technical retreat and now should set its new trading range.

        In my opinion, that is 2-4..pending any additional news.

        Of course, do your own due dilegence. I am long and a buyer.