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Strategies & Market Trends : Moufassa's Lair

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To: Silver_Bullet who wrote (390)	10/10/2001 5:19:29 PM
From: Silver_Bullet	Read Replies (1) of 13660

Here's a scenario I have seen 3 out of the last 4 market rallies. The BBH and Biotechs rally the morning after. Today they weren't a large part of the rally. They traded sideways most of the day and this afternoon. The big gains were in tech, which I had some of. Try have a balanced watch list.. LOL. So, I will be watching for this morning after reaction in the Biotech. They should have a good first hour or so tomorrow. FT EDIT: Genentech Inc. (NYSE:DNA - news), the world's second-largest biotechnology company, posted a 22 percent increase in third-quarter earnings before charges, at the upper end of Wall Street estimates, driven by higher sales of its antibody-based cancer drugs. It rose to $43 from $40.80 at Wednesday's close. I just hope they don't gap up too much, then there will be less room to the upside to play with. This should help get some focus on the group though.

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