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Biotech / Medical : Novacare (NOV) breaking out...
NOV 15.67+0.8%Dec 19 3:59 PM EST

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To: Todd D. Wiener who wrote (180)1/16/1998 2:18:00 AM
From: E. Graphs  Read Replies (2) of 420
 
Todd,

Surprised it went down today. It was dicouraging to see it dip back under the 50day........guess it still needs time. Volume seems to be buying or evenly mixed........not much selling. I haven't got back in yet.........prefer to watch it for awhile.

BTW Sorry I didn't mention it when I sold. I wasn't even sure it was the right thing to do at the time. I just got impatient with the slump. I did post about the break of the 200day MA. Looking back, I would say that the spin-off was ill-timed, or somehow negative for both issues, wouldn't you? I didn't follow it. Do you still have your NCES?

Well, I guess things could be changing. Look at the medical sector now, and try taking it apart. Look at HCX RXP DRG first, and then look at HMO RXH BTK. I think it may be an improving picture. At least it's not affected by SEA!

Good Luck,

E
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