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Biotech / Medical : Biotech Valuation
CRSP 54.84+0.2%3:59 PM EST
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To: Biomaven who wrote (3225)3/28/2001 11:31:47 PM
From: Jibacoa  Read Replies (1) of 52153
 
<<surprised by yesterday's rally>>

To me the "rally" started on 3/23 when the price was able to get above the average lines.<g>

siliconinvestor.com

But you could expect a "reversal" as long as the DOW could not close above the 10,000 (where it had been previously stopped on March 13 & 19-20)

Now the thing to watch is wether it can hold above 9,620 (if it doesn't, we can expect a drop at least like it had from 3/20 to 3/22,after the price dropped below the averages)

Of MRL's "Biotech Holdrs" there were 7 out of 20 that managed to close on the plus side:

holdrs.com

Bernard
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