SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : The biotechnology mini portfolio

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mike McFarland who wrote (12)8/19/2006 12:39:46 PM
From: tuck  Read Replies (1) of 93
 
MEDX reported that they will restate yesterday afternoon. On the back of this week's rally, it had managed to climb past it's 50 day averages. During the long, options scandal inspired downtrend, any such effort has been swatted:

stockcharts.com

This one will be no exception, as it was down 6%+ after hours. This combined with any consolidation in the general market that might occur early next week, could well make it breach $9 and test lows of $8.50. But I think that will be the climax. If it does that, I will be adding to my position, not bailing.

Cheers, Tuck
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext