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Biotech / Medical : NEXL

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To: Ace who wrote (1607)2/14/2000 7:10:00 PM
From: Mike C2  Read Replies (1) of 1704
 
Symbolic resistance

Looking at the longterm chart (like back to 1996)when VIMRx
got to 6.5 there are some potential resistance points up
here.

but the volumes were so modest then, that I doubt there is
much selling interest from those who might still be holding
from those levels to keep this issue from flying higher,
particularly if this week's presentation is dynamic.

I used to fear I would see this investment piddle it's way
into the realm of dead money. Now I fear I'm being greedy
by holding all my shares and not selling enough to cover my
entry fee.

Sheesh...
I would assume that there will be a short term top reached
when the volume dries up followed by a proverbial "handle":
slowly fading share price on decreasing volume. I might
sell some shares as that is about to occur.

Then again...maybe we can have an Entremed redux. I won't
complain if the buying becomes hysterical. Just let me know
when the elevation stops.

Mike
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