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Biotech / Medical : Biotech Shorts

XOMA 32.98

-0.7%

Oct 31 9:30 AM EDT

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To: Ajay Nandanwar who wrote (60)	8/21/1998 8:43:00 PM
From: Ajay Nandanwar	of 61

A new short idea: LUBRIZOL CORP (LZ). I believe this makes a great short candidate, today dropped 7/8. I am targeting 10-15% downword move from here. Declining revenues, combined with market jitters will push the stock down. The stock is in downword breakout.... creating new 52 week lows every day. Charts also indicate downword drift... all earlier supports have been cleared. It's currently trading very close to the low created before Jan 96. Any opinions!! can some TA guru give me more insight. -Ajay

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