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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: Harold Engstrom who wrote (4008)1/30/1998 9:19:00 PM
From: Chuca Marsh   of 9719
 
I thgink an entry (by the chart only) can be forcast at above $15 and below the $21.00. All I see is the difference three times from 8 August between the high and the low; at $7.00/$7.50 and $5.00, untill yesterday and now a possible down and upo to a level of $3.00 from current levels. All this unless there is some dramatic company news that will throw the history out. No, I never nused this system ...just thought it might help if you can combine these facts with what YOU know.
Look at 8 Aug Low -$25.00/Look Low-25 Oct- $21.00/11 Jan Low$17.50

" " 7 Oct High-$32.00/" " - 5 Dec- $28.50/29 Jan Hi $22.50

That is a difference of - $7.00/Diff----------$7.50/Diff=$5.00($2?shy)
Chuca
P.S.- Any IZP trading opinion?(I am opinionated but I want the facts)
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