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Biotech / Medical : Biotech & Pharma.T.A,

BIB 75.48

+1.4%

Nov 14 4:00 PM EST

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To: Steve Lokness who wrote (1852)	7/19/2007 6:30:21 PM
From: Jibacoa	Read Replies (1) of 3722

Why 4.25? Why not 4.24 or 4.26? Serious question. That's because I try to follow Jesse's advise, since it has given me good results in the past.<g> I think he said: "The thing to determine is the speculative line of least resistance. You should always wait for the moment when that line defines itself, because that is the signal to get busy. Always go with the trend." And also: "To buy on a rising market is the most comfortable way of buying stocks." Regarding CYTR,as I mentioned, I liked it from the fact that I had good results with RNAI & I like the roster of institutional holders it. I bought on July 3 at $3.26 when the stock, after making a little base at the $2.97 to $3 level, was able to go over the previous 5 days Hs. I added some on Jul 11 at $3.60 after it had closed the UG of Jul 9 & the stock was moving ahead of that day's close of $3.44 but now the stock has resistance at $4 (from the Hs on Jun13-Jun18)& then at the May 31 H of $4.27 but the close that day was $4.16 & the rally on Jun1 was cut short at $4.25 (it closed that day at $4.18), so IMHO if the stock can close at $4.25 it would signal that it wants to continue the Uptrend. bigcharts.marketwatch.com To give another example although it is somewhat O.T.,I added recently to my position on ALVR (in spite that I probably have more that I should <g>). But I added some on June 4 at $8.80 when the stock closed above the resistance at 8.79 (the H on May2)& added some on Jul10 at $10.20 when the stock was moving above the Jul3 H of $10.17 In spite of the recent good news, & the fact that the stock made a 52wks H & was able to close above its Jan2006 Hs, I didn't like today's UG, but probably would add more if the stock comes down to the $10.50 to $10.60 level & then moves up again over $11 bigcharts.marketwatch.com RAGL Bernard

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