Dorsey Wright & Associates. Point and Figure Message Board

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Non-Tech : Dorsey Wright & Associates. Point and Figure

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To: Ditchdigger who wrote (3848)	12/30/1999 12:39:00 PM
From: Patrick Slevin	Read Replies (1) of 9427

Yes, I'm not big on chasing stuff either. <glad I'm not the fella who bought at the open> Hard to say what happened there, particularly on Nasdaq. Reminds me of an IPO last month where the issue came at around 38 bucks and the Opening tick was perhaps 265; Never saw that price again. Drugs and Oil are pretty defensive; probably not an unwise move. I stay out of bios myself, because of a bad taste in my mouth from the early 90's when the Sector virtually self-imploded. There is a guy who jumps from sector to sector whenever one gets hot, running seminars. I should have known, then, when he started running biotech sectors that it was ripe for a short but foolishly I hung on a wee bit too long. I understand bios are back, though, so it should be a nice play I hope.

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