ONXX Message Board - Msg: 14154052

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Biotech / Medical : ONXX

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To: Paul Kern who wrote (408)	8/2/2000 9:00:50 PM
From: Boplicity	Read Replies (2) of 810

now look at that chart with this setting. siliconinvestor.com It's very easy to pick out daily bearish looking stocks, but it's potentially dangerous to short them without looking at a charts over a longer period of time, particularly with a stock that based and has broken out like ONXX. We hit resistance at 20, nothing more, sure the stock could go down from here, but the break-out after the multi month base building period and near time over sold conditions of the NAZ that could turn this Friday on favorable econ news all point to consolidation at or near the 20 area with possible break-out on more favorable news. So, in sum, unless you are going for a day trade, shorting a stock like ONXX is fault with danger. Greg

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