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Biotech / Medical : Kendle International Inc. (KNDL)
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To: James Wright who wrote (26)7/24/1998 11:31:00 AM
From: Toby Zidle  Read Replies (1) of 53
 
I appreciate your analyses of the fundamental and technical aspects of KNDL. Until I read your last message, I'd been wondering whether you had stayed in or gotten out.

KNDL's low so far today has been $27, a decline of 10% from yesterday's close and almost 25% from that mysterious $35 high. As closely as I can understand the basis of it, this does not reflect any negative change in fundamentals but rather a sector rotation with biotechs falling quickly out of favor.

Now the bottom line question for you: Would you re-enter KNDL here or is it time to abandon biotechs for the time being?
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