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Biotech / Medical : Oscient Pharmaceuticals Corp. (OSCI)

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To: Thomas M. who wrote (724)4/4/2000 9:41:00 AM
From: OldAIMGuy  Read Replies (1) of 1154
 
Hi Thomas, My GENE account is currently very heavy in Cash in both a numeric sense and as a percentage. I've not yet started to rebuild my position. My "program" is begging me to start buying now that the price is down to below $20.

The 26 week Moving Average is now above the current price, so I'll probably start to accumulate some shares again. I don't feel any particular hurry as of yet. My main market indicator is still flashing High Risk signals at me based upon heavy speculation in the last few months.

I noted that there were as many as 6 or 7 BioTechs on the "Value Line Best Performers List (last 13 weeks)" (page 33 of their index section) a short while ago. I'll have to check, but my guess is that most are now off that list again. We'll probably see several show up on the "Worst" list in the next week or so as they have fallen enough from their highs to justify being there.

I can't quite see the whites of their eyes, so I'm holding off before I fire my first volley of Buy orders. :-)

Best regards, Tom
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