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Strategies & Market Trends : biotech day trade strategies

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To: Caroline who wrote (10)	11/21/1996 6:13:00 PM
From: Mark Nelson	of 20

Caroline, I see that you have resurrected the biotech day trade thread. It has garnered little interest since it was started. No wonder... biotechs have not participated much in the current boom. Incredible! Even really great news gets summarily dismissed. My theory is that, after the selloff in July, people are putting their money into less speculative stocks. Meanwhile, the biotech industry advances without concommitant gains in the stock prices. If (the big "if") the general market remains reasonably strong through January we could see a nice uptick in the biotechs. The H&Q conference is said to be a catalyst for this and the so-called "January effect" is also cited. Daytrading biotechs is a lonely affair these days. See you in January.. Mark

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