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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist
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To: Jerry Olson who wrote (3563)9/15/2001 8:11:34 AM
From: GREENLAW4-7  Read Replies (2) of 5893
 
OJ regarding HGSI, PDLI, and MYGN, I noticed your commentary and it seems as if you believe these stocks are heading lower, but I want to give another thought.

As NASD made new lows these 3 stocks actually stuck in a tight range. MYGN as I recall last time we swa 37-38 area you called it a SS and it bounced to 46!

I recently bought all 3 stocks last friday for the bOUNCE in the nASD. I find all 3 and especally MYGN, and PDLI to have INCREDIBLY low Market Caps. Checkout the other Bio's, you may be amazed.

I never try to convince anyone into a position, but all my research and current Events lead me to believe Drugs-Bio's will be looked upon as a safe haven going forward. Yes, semi-speculative but w/ news coming out like IDEC's these should be close to a bottom.

I bought too much last week in March and sold too soon believeing they would roll over but they went up 30-40 points EACH!

Good luck my friend, but its my firm belief the BBH is a much better bet then the SOX!

If I shorted MYGN as you said as a target SS at 37-38 I would have seen 46 in 3 days! These stocks are perhaps the most dangerous on the SS between Sept-Jan! I owned all 3 stocks going into the fall of 99 when they took off!
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