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

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To: BRAVEHEART who wrote (314)3/16/2000 1:32:00 PM
From: tuck  Read Replies (2) of 423
 
Jeffrey,

Missed what look like a couple of bottoms that were below what I previously thought were bottoms ;~} Just missed DSCM in the 16s and CYGN in 13s. May yet get another chance.

CLPA looking just plain weak. Looks like I started my straddle operation a week too late. Whatever. I've made a lot more off of it than I am betting here, so even if I lost the whole position, it won't hurt that much. This could be a bear trap. Nevertheless, I don't like the action and will bail on a spike to 35 now.

Jeffrey, looking at the strength of this rotation, I am thinking we might want to look for small cap cyclicals now as well as nibbling at beaten up biotechs. CEGE looking attractive and well supported around 25; I have an aggressive GTC put sale order in that would fill in that range. I might go out on a limb and reco this one.

Wow! Not often you see banks that aren't being acquired move 30% in a few days. Yeehaaww!

Cheers, Tuck
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