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Biotech / Medical : Oscient Pharmaceuticals Corp. (OSCI)
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To: Jeff Lee who wrote (25)6/20/1996 7:01:00 PM
From: Tara Cobble   of 1154
 
Jeff, For your ulcer you may want to buy more GENE on these dips. It was off 3/8 and closed at 9 1/4 with a low of 9 1/8. Jeff I was just looking at the chart and it looks like GENE's 20 day moving average over the past several months is 10 to 10.5. It looks like last year at this time it was around 6 and then in Late Aug./early Sept. it jumped up and moving average ran for several months in the mid 7's and then of course in December to mid March it was a steep climb to 15. Since then the slide was steady and bottomed in Late March. It looks like there have only been several days where GENE was below 9. It looks like GENE has a history of moving up or down and then sidestepping 1 1/2 to 2 months prior to the next move. I would keep a close eye on this and see how far GENE drops. I don't think much but if GENE does then I think that when GENE starts walking sideways again that that will be the bottom and is time to accumulate. Darn this market and the gloom and doomers just driving most things down. I guess I wouldn't think an election year would be terribly bad on the market just a lot of small ups and downs. Best to accumulate on the downs to keep averaging down. Several things about this stock that I like: (1) we got in after the big correction, (2) I won't mind another 10 to 20 % correction due to the market jitters, cause this should make up the ground lost quickly for those of us with long term holds. It may just mean that we wait for longer than 6 months or so before we are in the mid teens. That is my opinion which is worth about as much as all of our sliding portfolios.
Tara
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