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Stockchase Opinions

Bill CarriganForbes Medi-Tech IncFMTIHOLDSep 14, 2004

Biotechs are extremely market sensitive. Have to own a basket of them as they can be volatile. Formed a base in the 02/03's and had a rally in 04. Formed a higher low now so could be some more upside.
$2.97

Stock price when the opinion was issued

biotechnologypharmaceutical
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COMMENT
Had quite a base being formed over the last year or so. If you are a speculator, use a low from the past few weeks as a stop/loss. If you are a long-term investor, you can have your stop at a lower level.
BUY
Good management. Have some good projects and is a very interesting company.
DON'T BUY
Their plan was to have good results on their cholesterol drug and then raise $50 million. Results weren't that good and the stock dropped drastically.
DON'T BUY
The recent huge run is scary. Would like to see them raise some money.