BIOTECH & TECHNOLOGY INVESTING *UNDERVALUED*{T/A F/A & V} Message Board

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Biotech / Medical : BIOTECH & TECHNOLOGY INVESTING *UNDERVALUED*{T/A F/A & V}

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To: tuck who wrote (373)	1/12/2003 11:01:19 PM
From: EVENT HORIZON III	Read Replies (1) of 423

Hi Tuck, Technically the Market looks very ripe. I've been GC'ing a home project over the last several months & allowing the market to breath. Just scanning the sector technically at this point & trading the support & resistance. I'm going to set up a portfolio at this thread whereby I describe entries & exits based on technicals. Anyone is welcome to suggest fundamental rational for a stocks performance from a technical perspective at & beyond anticipated support & resistance levels. Thus coupleing technicals & fundamentals. On ARDM...Looks like someone knows how things are playing out there. The stock gets sold off quickly after any accumulation/rally. My concern is the trend. Right now the low is about to be tested. The Dec selloff was likely tax related. The minime rally in Jan was sold off on low volume minus the one day. Which may have been mild panic selling. Right now I could envision ARDM rising on low volume { assuming a January effect } & trending up to say $2.50 minus War in late Jan/Feb. The resistance at that point would suggest a re-evaluation at $2.50. The question is when where & why does it trend from there. On RIGL... Curious. Technicals are a No No... What do fundamentals tell you at RIGL? What was going on at RIGL in May through July of 2002? On AFFX... Trending up... Agreed tight traders trend suggests the need to be selective & patient there & play the gaps. No need to rush it. Resistance at $30 suggests a pull back to $20 could occur just through apathy & interest in other performance plays. We likely are not alone in our thinking on AFFX. Lets hold off on AFFX for now & place it on a technical watch list. Tuck...Walter Lippman understood mass media & it's influence on public opinion exceptionally well. The investment media wants a mini rally & wants to believe "no war" signals. The government wants to quietly send troops & signals "no war" yet it lies to troops about expectations on destinations. There is no happy median. The war must be concise quick & successful. As to when? Will Saddam fall from power quickly...Absolutely. Will their be any successful terrorist strikes. Small ones maybe. Larger order unlikely/hopefully. Hence market risk should be relatively low. But best to keep half the cannons loaded with cash at this point. A relief rally should commence once Saddam falls from grace. War is a Given IMO. Here is the Watch List & the Portfolio for the thread. Keep in mind this is a trader/investor thread & long positions are not the norm. Trades are made based on Technicals for percentage gains. A Reposition may be warranted/justified should a gap hold & suggest a continuation of a trend. TA-FA-VA Watch List siliconinvestor.com AFFX S=$20 TA/FA/VA Integrated Portfolio siliconinvestor.com MDCO R=$20 ARDM R=$2 R2=$2.5 & R3=$3 S=Support {Potential entry point on a watch list... } Potential entry point on a watch list... } R=Resistance { Potential sell point from the Integrated portfolio } A stock once traded will return to the Watch list for further evaluation & treated appropriately. Long positions are justified in instances when a trend is apparent w/o any significant benefit to short term trading tactics. The market is choppy & this is the exception & not the norm. This message was dedicated to the mechanics the true flavor of investing is the driving force...the fundamental expectations & Events on the Horizon. May the mind meld prove enlightening. Enjoy Jeff

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