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Biotech / Medical : Nuvelo (Nasdaq: NUVO)
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To: SemiBull who wrote (266)6/24/2003 9:59:16 PM
From: Findit  Read Replies (1) of 286
 
SemiBull I sold all 4 of my positions of NUVO a few weeks ago. Held most from before the merger. Got a good price and have watched it waiting for a re-entry. It has come back to $2 faster than I thought it would. Since the market appears to be in the start of a correction, I will wait a while longer to re-enter. Hopefully this will be at a price less than today. There appears to be a good chance that NUVO will enter the Russell 3000 next week and that may give it a short term pop. I am tempted to play that possibility and sell quickly before waiting for a longer term re-entry. Where do you think it will be going in the next month or so and do you think a Russell 3000 entry will provide a nice pop?

TIA

Jim
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