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Biotech / Medical : DOSE(capstone pharm)

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To: Rob Anderson who wrote (66)8/1/1998 11:18:00 AM
From: JBH   of 92
 
Thoughts:

I don't think Friday's are a very good day to judge the longer term direction. Most of what I saw Friday afternoon looked like daytraders getting out for the weekend. The large blocks were buying right through here which I believe should limit our downside risk. If they liked this price they should like it some more if it trys to drop. The bollinger bands are tight, medium term stochastics still oversold. A few more days and it will need to break through that 7 area or slowly chew at it. May have some work to do there. Worse case IMO is we stagnate until we get a trigger.

I would imagine alot of next week will depend on what the general market is going to do. I'm alomost thinking the smart thing to do might be to start thinking about keeping some money on the sidelines with this Monica/Bill thing going on as I think on the 17th of August it could get a little tricky. Be prepared to "dress" your portfolio. But I guess it is possible for the market to rally a little between now and then. I hate August as far as the market goes.

Just my thoughts,(maybe right..maybe wrong)

John
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