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Biotech / Medical : HEB, Hemispherx Biopharma (AMEX)NEW

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To: Francois H. Gaston who wrote (298)8/3/1998 9:50:00 PM
From: Francois H. Gaston  Read Replies (1) of 857
 
Churning again today, with lower volume and no progress in stock price. Stock is now squeezed with its spread during the day becoming smaller and smaller over last 3 days (a classic!). Because we are in an overbought condition (RSI above 70) with 3 consecutive black candles, and a stock hugging its upper Bollinger Band, we have now more risk for a drop than another leg up... But of course, that is only TA and sentiments from investors regarding that stock will prevail, regardless of TA.
Good luck to all.
But a suggestions would be to take some profit on that one and to keep some ammo dry (very important!) for the huge opportunities that will show up in this market, after a good episode of panic selling. Right now, many stocks are eroded. We need a panic sell to have a serious rebound.
All the above just IMHO, of course.
Good luck to all.
FHG
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