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Biotech / Medical : VISX
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To: J. Plesha who wrote (1555)1/25/2000 12:35:00 AM
From: Sun Tzu  Read Replies (1) of 1754
 
Technically the break through 31 was not good. 31, and to a lesser degree 30 were solid support levels. The next support levels are around 26:22:18. Just my opinion of course. 18 would indicate that the market sees absolutely no growth for VISX and is musing the possibility of the loss of technical leadership. I give this less than 10% chance and consider it a good buying opportunity. I agree that Mid 20s is more of a probablity. There is certainly a buying opportunity somewhere. But until the institutional holders are out of VISX, I'd stay away from it.

ST
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