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Biotech / Medical : Techniclone (TCLN)
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To: Tadsamillionaire who wrote (3494)3/20/2000 5:52:00 PM
From: EZLibra  Read Replies (1) of 3702
 
Guess I meant to say Shakedown instead of Shakeout this A.M.

Since I always think TCLN is a buy I talked to a couple of technicians. One says we bounced off the 50 day moving average, the other saw a bounce off a fibonaci support line. Both give a thumbs up now. Evidently the Biotech Index is oversold. Level 2 was mostly a show of ECNs and daytrading firms battling it out but I did notice a few heavyweights hanging out on the bid side.

I thought the Techniclone info-rebuttal of Bloomberg was excellent. I hope TCLN keeps pounding the info into the marketplace. Tustin has a whole stable of thouroughbred ponys and they need to get the handicappers up to speed. It was encouraging to see a biotech veteran like Jim McCamant say something good about us in the 4 o'clock Bloomberg salvo;
``Delays in products delay profitability and delay revenues,' said Jim McCamant, a biotech hedge fund manager and editor of the Medical Technology Stock Letter. ``You've got to discount the potentials further out.'
``The chances of the drug making it to market are actually higher now than they were because the company is starting to address the significant issues,' he said.

Wasn't it just about three weeks ago when $6 1/16 would have been a multi-year high for TCLN? I'm not in that much of a hurry but some news of the pecuniary kind would be nice. Or maybe another license.


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