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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (30382)	1/6/2000 9:31:00 AM
From: IQBAL LATIF	Read Replies (1) of 50167

AMGN reiterate buy ..look at BTK slodly as it hits around 340.. <<BULLISH Amgen (AMGN - 57-15/16) BEARISH Merrill Lynch (MER - 77-9/16) On Tuesday, AMGN fell when valuation concerns were raised on two of its peers. Such pullbacks have generally provided good buying opportunities for the stock. The AMEX Biotechnology Index (BTK - 361.41) closed below its 10-day moving average yesterday but is approaching support at its 20-day moving average, which is currently located near 340. The BTK followed the last test of its 20-day trendline with a three-week, 40% rally to an all-time high on December 31.>>

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