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Biotech / Medical : CYPB - Cypress BioScience

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To: BRAVEHEART who wrote (542)2/18/2000 12:02:00 PM
From: tuck   of 586
 
Jeffrey,

I haven't messed with these cheap biotechs as much as you have, but it sure looks like a lot of mo'/breakout players/daytraders have joined the party here. Thompson I-Watch hasn't shown any large institutional signals or trades, but there is such stuff going on beneath the radar, for their pie chart shows trading to be ~20% institutional. What do you do in these situations? You ride it until 1) the volume thins, 2) it makes or nears an obvious technical reversal, or 3) some defining news event "clarifies" the situation.

Which do you think will happen first? I haven't had time to dig deeply, thus I don't know about the anticipated news stream; so from the other two choices I pick #1. It has just broken out to an all time high on huge volume, and reversal points are not going to be technically obvious. So what's next from the PR dept.?

Cheers, Tuck
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