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Biotech / Medical : Texas Biotech (TXB)
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To: fat boy who wrote (346)10/9/1997 12:51:00 PM
From: Eric Ajimine   of 834
 
All TXB Long. Daytraders recommends TXB long.

DayTraders newsletter goes out once per day. A *** rating means an excellent trade. DayTraders usually looks for short term (1 day to 1 month) appreciation. They have successfully called many big moves in the tech/biotech sector. In an unusual move, they have recommended a stock for a long term buy. I have included the rec below.

*** TXB - Here's a play that we can add to the portfolio that is a nice longer
term hold, but that also might work well for short term players. This play
comes to us via a very reliable source with a good track record. Price target
over the next 3 to 6 months is around the $8 to $9 range and over the next 12
months we could be looking at upwards of $12 (nearly 100% gain). I'm holding
this one long term myself, but members can decide how to play it (long or short
term). Near term we'll be looking to take profits at $6 1/2 to $7 while longer
term we'll be looking for 8 to 9, as such we'll open up two positions (one
longer term, one regular). We'd suggest buying the stock at current levels
(around $6 or so) and be ready to average down if it pulls back to $5.5 or
lower. Stock is looking like it is about to break out above $6 a share and from
what we understand it is also very undervalued at current levels.

Those who use DayTraders have already sold their short term positions as the stock hit their price target.

Happy trading
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