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Biotech / Medical : VISX

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To: straight life who wrote (1489)1/16/2000 1:12:00 PM
From: J. Plesha  Read Replies (2) of 1754
 
I don't pretend to understand the technical aspect since I haven't done any technical research yet. I do think you are correct in that this is the best method available and that the recent downtrend is overdone. Problem is that technically speaking (chart wise),I believe there is more down to come. All the way to the 30's. That is a worse case (this is only from the chart reading). I am looking for an entry point, but am only going to commit after a definite bottom is made. The stock was a momentum play and now has to pay the price of the momentum investors jumping off. That means a completely oversold & ridiculous price for the stock. Hope I'm wrong for all you longs out there. Of course this is all my own opinion. I haven't done enough of the DD to be taken seriously. That was just from the chart (tea leaves reading if you like). Take it for what its worth. By the way my wife is going in next Friday to get her eyes done.

Joe P.
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