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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: Jenna who wrote (3876)2/6/2001 11:02:23 AM
From: Jenna  Read Replies (1) of 6445
 
<BIOTECH parade of stars> Looks like this event kicked off with yesterday's earnings of AFFX (super report), than with the report on ENZN tomorrow morning (positive quarter and that's rare) and this morning MYGN beat street estimates.. and some spice with MEDX, MEDI and CELG (delayed reaction to earnings report last week) and IMMU news of patents and upgrades.. All these ingredients stirred the pot and the results were a strong rally in the sector. (HGSI, ENZN, AFFX (mentioned)) and morning pre-market reports on BIOTECHS all helped.
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