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Biotech / Medical : sciclone pharmaceuticals
SCLN 11.150.0%Oct 20 5:00 PM EST

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To: swisstrader who wrote (471)3/21/2000 4:36:00 PM
From: AurumRabosa  Read Replies (2) of 1137
 
I took the hammering as a blessing in disguise and bought 5,000 at the close. Tried to buy another 5,000 but MSDW Online was too slow to process the order. We're below the 50-day EMA and many biotech stocks in a similar technical position have rebounded strongly. I don't see any news but I suspect that many under-funded traders have learned what a forced broker margin sale is these last few days. Strong close on all fronts today and very good chance the bull market rally will resume. I'll be looking to buy some more tomorrow.
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