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Pastimes : KKD - Krispy Kreme
KKD 21.000.0%Aug 4 4:00 PM EDT

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To: skinowski who wrote (176)2/3/2002 5:11:01 PM
From: Moominoid  Read Replies (1) of 214
 
At-the-Ask said he should be long biotech. I have a Buffett approach on biotech - don't understand it....

I do have a big position in a health-care conglomerate - Mayne Nickless or Mayne Group - P/E is less than 16 I think - excellent CEO and growing earnings. I think the shares trade also in Canada but not on the US markets...

A heap of biotech stocks were added to the NDX on its latest revamp so this bodes well for a rise there.

That's one of the few counts Onischka has done that makes sense to me LOL

OTOH there seem to be 5 waves down from the top in his A Wave a la my NDX count and then we may have a triangle for wave B - instead of the expanding flat on the NAS and then CRASH! wave C which he seems to have mapped out as an alternative.

What happened in BTK before 1995?

There are 3 waves up from 1994 on my NDX chart too, but 1994 was wave 2 in the move up from 1990. Then 1997-8 is wave 4.
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