Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: re3 who wrote (46347)	3/14/2000 11:24:00 PM
From: sandeep	Read Replies (2) of 94695

Anyone who wanted to own biotechs needs to buy them NOW. I did today. Bought IMNX at an average price of 154, but since I don't like taking huge risks, I wrote calls on it when it ran up after I bought it to reduce my buy in price to 143. I believe that is a good price for imnx in the long run. One MUST buy the biotech funds at these prices if one wants to be in the industry at all. Had I bought in earlier, I would have sold on a breach of 10-day EMA.

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