Replies to post #5 on Chembio Diagnostics Inc (CEMI)

[wing_walker]

I had the same thoughts...IMO
looks like the mms tickled it up with a couple of small trades at the eod. makes the technicals (on the surface) look good? it's been happening all week. It can happen on such small volume I guess. I really feel there is alot of potential for this company. Once they get approval from the FDA for the US market, there is only one other competitor, and their test kits are more expensive. I am curious how the financials will reflect the lower price (they now) sell the kits for, versus the increase in sales volume. More sales but lower gross.... The overseas market demand should really start to kick in as a result of their increased distribution effort. we will have to wait and see. I havent done much dd yet, this just my opinion.

I'm also in PECB. I like the product.