Theragenics (TGX) on the up and up Message Board

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Biotech / Medical : Theragenics (TGX) on the up and up

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To: BDR who wrote (719)	2/24/1998 1:53:00 AM
From: Ron Kline	Read Replies (1) of 1055

Sorry I don't own a crystal ball with regards to THRX. All I can say is I bought this company at $18 and when it was at about $35 last year I said I thought it would go to over $40 soon. The same question was posted, and it moved over $40 within about 3 weeks. THRX tends to move very quickly to the upside once it starts to break out with big swings in between. When it starts to become over-extended it will tend to move up and down within a 10 point range consolidating the big moves it has made. I think that this sort of action will not happen until we break past $60 which I think will be soon... but again I'm only going on past action, and the charts. You can say we formed a cup and handle and broke out in the $45 range. Once a stock breaks out of a formation it is usually very bullish and I've found that many stocks tend to make pretty nice moves of at least 30%, with many longer term going up 100% or more. Of course if it was always certain we would all be millionaires and we all know that the market never allows that (said that last time also), so take this as just another piece of info.

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