Dennis,
Looks like you're doing enough coverage of RAIN right now to allow me more time to focus on the one moving into action right now, ATIS. For details associated with today's drop, please see my last post
to the ATIS thread. Before this, it looked like support was 17ish or slightly above. With the huge announement, either good or bad, coming in the latter half of 10/96, a lot of support and resistance indicators may
fall by the wayside, in my opinion. Lot of volatility prior to this kind of news, especially as analysts start throwing their two cents in. Could get some more drop tomorrow, as most of the decline occurred in the second
half of the day. Keep following and get on the upswing would be my guess if you're interested in purchasing. The biggest risk is what the findings announcement will be for dermagraft later this month. Keep in mind
that the market estimate for this product worldwide, including the US, is @$2billion.
Meanwhile, nice to see John's post....good post, John!...fairly accurate on the day. It looks like RAIN may have maintained this news free period in the low 30s, and may again have a chance to move up shortly.
Hope your HUMPDAY was nice, and may your evening be better.
Marshall |
