Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: DlphcOracl who wrote (87796)	3/9/2000 10:41:00 PM
From: Jenna	Read Replies (2) of 120523

BIOTECHS.. This correction is so 'wanted' that I'm excited about getting back in. I gave up my biotech mutual funds last month (just had for them February) after going my own way in late December and all of January. Now its March and I'm ready to do it alone again. I hope they are down as much as possible so the upside will be astounding. Just look, for example, at that last spinning top on GENXY after 3 very bearish candlesticks all with expanding large intraday ranges but on DESCENDING volume until today GENXY had the lowest volume in the last 5 sessions, another bullish indicator that selling is drying up. Its as if the sellers have finally fizzled and there is no downside left. Of course we have to wait as CEGE was capricious today after signalling yesterday, but I have patience. There are other plays meanwhile in all sectors including a few sporadic ones in the biotech sector. CELG and ALKS were the first biotechs I've owned since 1996 and I held on so long but not long enough for about 40-50% of the upside. But who was to know they would move that much. Now I know.

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