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Biotech / Medical : Biotech for less than a buck.

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To: Mike McFarland who wrote (470)3/13/2000 11:52:00 AM
From: RWReeves  Read Replies (2) of 743
 
I am grateful for the shakeout in a way;

It builds a stronger bases on which to move into higher regions (TA POV)

It let me get into some issues at prices I thought had gone forever. (avarice POV)

If you trade with some measure of confidence you already made a lot of money in GLIA, TGEN and others today. Buying near the lows and selling at current prices would net about 20-30% on wimp fears. Of course the reverse is also true, shorts made out like bandits and this sort of market encourages more shorting. However, since a lot of them don't know what they are doing they are going to get seriously hurt.

Bought more pharma today also. AZA looks pretty good to me, but about all of them are a good value.

RWR
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