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Biotech / Medical : Guidant (GDT)

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To: Stuolson who wrote (67)12/18/1997 10:56:00 PM
From: Loren  Read Replies (2) of 235
 
Stuolson -

Based on my charts/indicators, the selling really started about 11-12 trading days ago. On 12/8, GDT gave a sell signal on the daily chart. It gave a sell signal on the weekly chart last Friday.

Based on those signals, I sold today @ 58 1/8, just before it dropped on down...

Now, why did it drop? Profit taking, I guess, amplified by the fact that there's probably LOTS of people out there with healthy profits in the stock (I was not one of them...).

Loren
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