BIOTECH & TECHNOLOGY INVESTING *UNDERVALUED*{T/A F/A & V} Message Board

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Biotech / Medical : BIOTECH & TECHNOLOGY INVESTING *UNDERVALUED*{T/A F/A & V}

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To: T-Lo Greens who wrote (262)	3/10/2000 12:07:00 AM
From: BRAVEHEART	Read Replies (1) of 423

Hi Tony, GLGC is a good company fundamentally. How does one go about valuating such an operation. Well if you asked me at $4 when I was trading it I would have said $175 in five years at best. However Biotech has become the internet of 2,000. So it depends on the mood of the market. That mood is not obvious & no one source can be trusted to convey that general tenor across the sector. Tuck is right there is some violent correcting in the sector. That creates an avalanche of shorting & profit taking. Realize the summer is typically a cyclically down period for Biotech. Hence I would concur with tuck that $70 is resistant for the moment. However my guess is it trades to the mid $40's by mid to late summer. If I were short I would cover in the $70's Let it breathe and decide from there. Learn to read the charts. Three month MACD looks to be controlling. Trade based on stokes once you see leveling support not until then. clearstation.com Realize it is dropping & gapping fast. clearstation.com I believe GLGC did a secondary. They could be selling into this run up. I don't know the secondary issue price that would help. Check the short position. BEST WISHES Jeffrey

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