ADVENTRX Pharmaceuticals Inc (Anx) Message Board

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Biotech / Medical : ADVENTRX Pharmaceuticals Inc (Anx)

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To: Keith Feral who wrote (324)	10/2/2007 1:10:22 PM
From: Steve Lokness	Read Replies (1) of 418

Keith; I don't really see your point about charts being a form of due diligence for biotechs Charts may be the best form of "due diligence". You and I are the very last people to really know what the outcome of any trial result is. The big investors get a nod of the head and suggestions to aunt Tilly are given. Consequently there becomes a demand (or less of a demand depending on the news) for a stock. This demand then triggers technicals. The technicals then get a life of their own. I'm not pounding the table on technicals - just suggesting they be looked at to confirm what you are buying or selling. Good Investing; steve

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