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Biotech / Medical : The thread of life

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To: Mike McFarland who wrote (1297)	2/19/2007 2:03:36 PM
From: Steve Lokness	Read Replies (1) of 1336

Mike; I am a firm believer that very often technicals drive a stocks price. What drove GLGC all the way up to 150 and then back to almost nothing? Their valuation? Their science? I don't think so. If technicals can turn around for GLGC - and it looks like a start - then perhaps the stock can become a winner. Now, for sure, often fundamentals need to also be in line. But you can also have great fundamentals and zero technical push. If you can catch a great company just as technicals turn bullish - not always, if ever, an easy call - then you have a winner to buy Mama a new Lexus. steve

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