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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: Johnny Canuck who wrote (25230)	2/18/2000 11:56:00 AM
From: Johnny Canuck	Read Replies (2) of 68358

10:37 ET Momentum Theme : After tearing through every tier of biotech, speculators now moving into the biopharmaceutical stocks. Issues participating in momentum theme include: Magainin Pharmaceuticals (MAGN 9 1/2 +3 1/4), Aviron (AVIR 46 1/8 +6 13/32), AutoImmune (AIMM 4 7/8 +1 13/16), Inkine Pharmaceutical (INKP 8 5/8 +5/8) and Scios (SCIO 9 +27/32). 10:05 ET Biotech Movers : The following biotech names rallying to new session highs: Gene Logic (GLGC 129 1/2 +27 3/8), Ribozyme Pharmaceuticals (RZYM 39 3/8 +5 11/16), LJL BioSystem (LJLB 33 +3 5/8), EntreMed (ENMD 67 29/32 +5 11/32). 09:48 ET Biotech Movers : IMNX +15... GLGC +14...ABSC +9 1/4... VGIN +6 1/2... GERN +5 1/2...TCLN +32%... CBMI +17.5%... Shares of Human Genom (HGSI 209 7/8 -7 11/16) have just turned, tumbling more than 10 pts in a couple of minutes.

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