AMLN (DIABETES DRUGS) Message Board

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Biotech / Medical : AMLN (DIABETES DRUGS)

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To: D.Right who wrote (1070)	1/30/1998 7:24:00 PM
From: Harry Ehrlich	Read Replies (2) of 2173

I don't know much abpout the medical aspects of Amylin's product. But the chart looks good from a technical point of view. The bottom point we saw a few days ago was a classic bottom. In candlestick terminology it's called a hammer. I know it as a "lizard". It's that classic "t" shaped daily bar. It happened under high volume. This is an indication that the selling pressure has exhausted itself and the buyers are coming in. The confirmation occurred the next day when AMLN continued to rise. I don't expect anything spectacular in the near term, as AMLN has a long way to go with its program. But I believe the street is always looking to find a fair valuation for a stock. That number should be between 4+ and 8, which are the recent low and high levels. My feeling is that anything bought in the low 5 range will be a good hold for the future, as there may not be too much downside from here. Even if you have to hold for a long time, if the stock settles in at 6 and you bought at 5, there will be no pain in holding. Just my thoughts. Harry

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