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Biotech / Medical : Biotech - Technical Analysis
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To: Tomato who wrote (9)2/2/2001 3:21:56 PM
From: XenaLives  Read Replies (1) of 544
 
Not sure what you mean by ASK URL, but I'm sure you'll show us.

I think MLNM is not overbought given the potential for the company, but I think the MM's are making out like a bandit on it. The secondary sold out at 60 this summer, and I think as soon as the current tug of war is over it will go back up to 60 quickly and then even higher.

I am very aware that a good company is not necessarily a good stock. My brother-in-law is in the laser optics field and bought JDSU against my advice. He KNOWS that it's a good company, but I think there is too much exploitation of the stock and I wouldn't want to own it.

The same may be true of MLNM in a couple of years, but at this point I think it is just as likely that the company could turn out to be another GE.

Anybody want to by a crystal ball? (seriously, I do sell them but no guarantee on their performance in the market).
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