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Strategies & Market Trends : Strictly: Drilling II
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To: isopatch who wrote (10934)4/21/2002 3:32:56 PM
From: gold$10k  Read Replies (2) of 36161
 
Iso,

<<Have you loaded the boat in biotech during the past month or two? If not, why not?>>

Not I, none! Once I see LT sector indicators turning up, I am more likely to buy a partial position near what appears to be the bottom and then add on strong volume and/or a breakout. But BTK does not appear to be exceptionally cheap nor are the LT indicators appealing. Moreover, I am bearish on the general markets and consider BTK much more likely to fall in sympathy than PMs and energy.

Regards,

vt
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