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Strategies & Market Trends : Three Amigos Stock Thread

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To: Ditchdigger who wrote (25435)6/28/2001 4:15:09 PM
From: Ken W  Read Replies (2) of 29382
 
Ditch

Too bad. Did you notice that today's volume is the highest since Feb. of 2000? I know you get nervous when a stock looks a little toppy, but sometimes they just stay overbought on the shorter charts. Take a look at a monthly chart on the stock. There is only 2 months worth of higher prices than present to get through, and things were worse off for the company at that time.

Also it was during the biotech craze....people did not even know at that point what the hell the company did, they just bought it because it was in the sector. Little did they know that they make medical devices, not map the stupid genome. LOL

You may get another chance at it, but I'm holding.

Ken
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