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Biotech / Medical : Regeneron Pharmaceuticals
REGN 657.80+1.7%Nov 7 9:30 AM EST
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To: Scott H. Davis who wrote (532)6/9/2001 1:08:19 AM
From: Miljenko Zuanic  Read Replies (1) of 3557
 
Scott,

I love when TA and chartist make prediction, and few days later there is new one. Most often contradicting old one. Because they are lacking important parts of the price move drivers: historical events and fundamentals.

In my book REGN went into distribution phase in October 2000, helped by short in last few months. However, price survived February pre-secondary price, ~35. Now stock is again entering accumulation phase which will last ~12 months, and maybe longer.
My 12 months price target is 80. I have no idea where will be price next week or month, by will bet against anyone that we will see 80 before 02-summer start.

Miljenko
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