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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: Vector1 who wrote (514)	5/12/1997 2:46:00 AM
From: Andrew H	of 9719

>>...with all due respect I think CHIR will drop a point or two below our initial buy price and I think we should consider dropping the buy to 17.<< V1, I agree with you. That was what I was gently trying to suggest in post 508, but when I saw your reply about the order being in with a buy limit of 18, I figured no point in making an issue of it. If it were me, I'd wait a few days and watch the action. Still as you suggested you could put in half an order for 18 and then get more if it goes lower. I'm not sure how much the model has left to invest. Its a tough call because the biotechs are acting strongly in the face of negative news. On the other hand, there is likely to be some volatility until after the 20th. By then we may know a bit more about the short term direction of the market and biotechs. I don't think its likely CHIR is going much higher in the next week or so.

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