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Biotech / Medical : T/FIF, a New Plateau
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To: Miljenko Zuanic who wrote (1090)4/10/2002 2:49:15 AM
From: John Metcalf  Read Replies (1) of 2243
 
Miljenko, if you're switching from short positions, it tells me that risk/reward is balanced towards the upside. Today, ^BTK made its lowest close of 2002 (good time to cover!). In '01, ^BTK made its lowest close on 4/4/01 (8% lower than now), and rallied to the highest close of the year two months later on 6/5/01.

That close was 50% higher than now (674.38). Of course, history doesn't repeat. Still, the recent history is that there can be powerful and quick rallies after a short attack and a handful of clinical failures.
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