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Biotech / Medical : Biotech - Technical Analysis
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To: Tomato who wrote (12)2/2/2001 6:44:26 PM
From: XenaLives  Read Replies (1) of 544
 
What a RIOT! I wasn't even looking at INCY till it went down today, I bought your shares on the dip.

Will probably wait for it go go up and buy or sell based on what I think the strengths are at that time.

Have been meaning to hold some MLNM, but I keep getting spooked out of it before it goes down again.

I do think this is a narrowing cycle, though and at some point it will end.

I lost a bit off of INCY in Oct and haven't been back in until today, although I've been watching it.

I think it will also recover shortly.

I did a study on INCY today
see spiritsites.com

I was checked several of these charts quickly before I bought and since I thought it looked like a short term trend, a buying opportunity, I bought.

I sold some GILD to buy it, so I will probably sell it on the rebound and buy back the GILD.

I think the strong end of day action shows that the rebound for INCY will come quicker than it will for MLNM.

I'll comment out the INCY study better some time this weekend. I am doing these studies to firm up my own intellectual process, but publishing them on the web gives me a chance to have others confirm or discredit my ideas.

At this time I don't have much money invested, learning to trade is more important than how much money I make. I am expecting an inheritance in a few years and when I do get it I want to be ready to invest it wisely.
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