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Biotech / Medical : AFFYMETRIX (AFFX)

AFFX 14.01

0.0%

Apr 1 5:00 PM EST

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To: Daflye who wrote (866)	6/17/1999 8:44:00 PM
From: Doug (Htfd,CT)	Read Replies (1) of 1728

A 16-month cup formation with a five-month, downward-sloping handle through which AFFX broke on Wednesday at $44, about 12% below its August 1997 all-time high (which it attained after rising from below $10 to $50 in 13 months). And today, up 7% on double average volume, to $48.50, a new 12-month high and within 5% of all-time high. All this, and a combination of biotech and proprietary chips, with a model of "don't waste capital building fabs -- franchise!" Lovely, simply lovely. I've been waiting a long time for this week. Doug (long AFFX as of 6/16)

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