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Strategies & Market Trends : Investor's Business Daily

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To: adairm who wrote (95)8/25/2000 2:18:20 AM
From: luis a. garcia  Read Replies (1) of 164
 
Bravo! adairm the best post I have seen in a very long time.
You are smart and have terrific spirit and sense of sharing.
Very rare... I could have gone the rest of my life without understanding the little nuances associated with an O'neill
cup and handle chart and the adjuntive requirements that validate it.
As you know avn has superior technology than medx and a pipeline with an approved blockbuster drug going over the counter in december in the USA and Canada.
I only mention that because medx started a parabolic rise from precisely the twenty dollar level after basing at the five dollar level for a very long time.
I haven't check the medx chart today however I think the pattern(trend) inforce then was the typical ascending triangles staircase associated with a bullish trend... I believe we are at the first step of such a formation with this stock. i further believe within the next two weeks to two months we will reach the next step.(reason is they will open for business at their new location Sept1 and that is the first day the fully owned subsidiary xenerex opens for biz as well. We think they may have a first customer lined up to partner with them in the making of monoclonal antibodies...(but of course we don't know).
Technically it seems more funds are following the stock and more volume with higher closes is been taking place...
by O'neill standards we are early to this trade... My guess is this stock will become a bill O'neill stock and what mostly concerns me is .... Neither me Nor Bill have an exit strategy that really bothers...me. Like what happened to Canslim ???after it got Canfat....?? I mean there is no CAN EXIT NOW strategy ..is there?
luis
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