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Biotech / Medical : Bio Technology General - BTGC

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To: Ram Seetharaman who wrote (1878)	7/14/1999 10:49:00 AM
From: Bosco	Read Replies (2) of 2028

G'day all - well, I wouldn't want to use the dramatic word 'tank' - yet, but it certainly was a slight disappointment to see its earning coming in above estimate but still got a spanking. Ouch! My guess is that there is some margin pressure, if one is to look at the discrepancy between revenue growth and earning growth. I ve basically decided to hold BTGC long term, so I ve not bothered to keep tab of its Q to Q performance, but when I checked Yahoo! minutes ago, evidently, BTGC has lost some coverage. Before this month, there were 5 analysts following the stock. Now, it is down to 3. And they are not as bullish either. The curious thing is that the stock has been in a recovery mode in the past couple of months. So what gives. Anyway, BTGC may likely to be under pressure - unless some positive events surface - from the technical standpoint. Hopefully, it will hold at the support. best, Bosco

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