Millennium Pharmaceuticals, Inc. (MLNM) Message Board

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Biotech / Medical : Millennium Pharmaceuticals, Inc. (MLNM)

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To: John O'Neill who wrote (107)	3/5/1998 5:53:00 PM
From: Mike Sesan	Read Replies (1) of 3044

I have traded this stock since December 1997. It has good support around Low $17.00 and resistance around $22.00. Back in December it dipped as far as $16.00. It has traded two cycles since then from 16.00 to $21.00+ then back to about $17.50 then back to $22.00. People speculating on the positive earnings side kept people in for the hold then we I took profit. I believe in the company but my concern is when they got their patent approved the stock did not move upward. I question the amount of institutional support as to why big blocks were not bought when this occurred. I probably would buy again but need to see where this support level holds.

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