Biotech Valuation Message Board

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Biotech / Medical : Biotech Valuation

CRSP 52.51

+2.7%

Nov 14 3:59 PM EST

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To: Biomaven who wrote (8017)	3/13/2003 4:24:07 PM
From: Robohogs	Read Replies (1) of 52153

Too much pessimism. I have seen a number of longer term technicians throw in the towel and go positive over the past few days. The short termers over at the TSC are licking their lips looking for new shorting chance but something tells me this move could last for a few weeks. Two days ago looked like that exquisite moment if you were following airlines, aerospace, defense and financials. I have seen 4 or 5 longer term bears flip in last three days. Very interesting. [edit - added statement here] The technical patterns on many bios are setting up quite nicely also. I won't name any names as it would fit my bias though. Jon

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