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Strategies & Market Trends : Z PORTFOLIO

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To: Ron McKinnon who wrote (4783)6/28/2000 5:48:00 PM
From: John Solder  Read Replies (2) of 11568
 
This is a very tricky play. Public interest/media coverage of the sector is at the apex, every night on the news they are touting 'greatest medical discovery of all time...'
We have see a great run-up in the past 6 weeks, but many stocks are still well off the runs of late 1999 early 2000. This sector can run and run fast. The summer is usually a slow time for Genomes but this year all bets are off, we should see the beginnings of consolidations starting. It's very hard to call. I went long INCY yesterday @90 stopped out at 88, it fell to 84, today it's up $10. This sector is incredibly easy to get shaken out of. One day I stay too long, next day I bail too early.
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