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

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To: Francois H. Gaston who wrote (304)8/4/1998 7:48:00 PM
From: MarcG  Read Replies (2) of 857
 
Stock has been showing a pattern lately of strong up gap openings followed by drifting slowly lower all day with some aftermarket strength. I'd be watching for this pattern to continue tomorrow, with say an 8 5/8 opening and profit taking setting in again to pull back to unchanged at 8 1/4. If the market is coming back by then and the stock goes plus to minus, I'd look for trades to start in the high 7's with a close of 8.
If this scenario plays out, the daytrade is to short the opening with a -1/8 stop
loss.
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