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Strategies & Market Trends : Joe Stocks Trader Talk

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To: NCKEV who wrote (410)	3/4/2002 5:54:26 PM
From: Joe Stocks	of 787

>>Any thoughts on GNTA about 10mil shorts in it now, almost 20% of float, Im long at under 10<<< Scape, Nice trade. Sorry, but I don't trade or follow biotechs anymore. Looking over my trades for last year biotechs gave me some of my biggest gains but also bigger losses. One little news story can move these stocks too much for me if I am on the wrong side. Also, I don't understand where they get their valuations. No matter how much I try to plug numbers in I never can get a handle on them. In addition, I also find that they are hard to trade with the market as they don't follow it as closely as other sectors. Since I like to have the market behind me when I trade I decided to remove them from my watchlist. I think you really have to me on top of the specifics of that individual company to trade it well. With other stocks I just need a basic idea about the industry. GNTA chart. Looking at the chart it appears that GNTA needs to break out here soon to put in a higher high to break that down trend from the Novemeber high. Hopefully a break with volume. I would have a stoploss at 12. to lock in a 20%+ profit. Unless you know something about this stock I don't see naything in the chart that would excite me one way or the other. askresearch.com stockcharts.com[l,a]daclyyay[db][pc20!c50][vc60][iLb14!La12,26,9]&pref=G Just my opinion, Joe

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