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Strategies & Market Trends : Rande Is . . . HOME

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To: carepedeum2000 who wrote (28508)	6/26/2000 12:45:00 PM
From: Rande Is	Read Replies (2) of 57584

Carpe, It looked more like a short-sell on the news. . . not an orderly selling of shares as one would expect. . .CRA was dropping full points on 100 share trades. . .also, it wouldn't surprise me if the U.S. Govt. and Britain were to announce a new commitment of funds in the billions to the genome project. . . remember this is just the first step. . .the most important part is the identifying of proteins that will lead to cures through various products. So before I concede defeat on the 'sell the news' bios, I am waiting to hear the rest of the news. Another thing to consider is the effects all of today's news will have on foreign markets overnight. . . although CRA was up 10 in Europe this AM, yet only opened up a few points here. . . .all the bios were selling off in pre-market after moving up in the After Hours on Friday. . . .very manipulated, in my opinion. MLNM / ILXO sure turned out to be a dud. I think the problem with the entire biotech sector is that the speculators are in control. . . and we probably should have stayed on the prudent road all along. Rande Is

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