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Biotech / Medical : Arena Pharmaceuticals (ARNA)
ARNA 99.990.0%Mar 15 5:00 PM EST
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To: wolfgangrene who wrote (1984)11/25/2013 11:50:40 AM
From: Biotech Jim  Read Replies (1) of 2274
 
wgg-

Did you actually identify OREX in your screens for pinchers? I do not remember.

I think OREX will run up prior to the FDA meeting, if not longer. Your technique would seem to work well for bottoming out biotechs, but still many of those identified would likely have binary decisions down the road, ie sell before the binary decisions. Do you use fibs to tell you generally when to sell?

Jim
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