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Biotech / Medical : Biotech & Pharma.T.A,
BIB 79.96+3.0%Nov 24 4:00 PM EST

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To: Jibacoa who wrote (865)2/28/2005 3:11:21 PM
From: JMarcus  Read Replies (1) of 3722
 
It is time to panic yet?

<<It [the BTK] seems to have found support at the 505-506 level.>>

We're at around 496 as I write -- looking for support at levels set last October, However, the Biogen and Elan news today was so awful (makes you want to steer clear of investing in anything other than well understood small molecules) that I can easily see the BTK sliding all the way back to last August's 52-week lows near $450.

Marc
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