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Biotech / Medical : The Stock for 1999(Polymedica)PLMD(Medical Supply Co.)
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To: Brander who wrote (1961)10/10/1998 2:39:00 PM
From: Sam  Read Replies (4) of 3414
 
If I didn't know that poorer third quarter earnings were about to be reported by a lot of stocks, which will logically pull down the overall market index numbers, I'd swear the DJIA has retested the 7400.30 low this week at 7461, put in a double bottom and wanted to start the rally (using OTC as the catalyst). That would surprise the Hell out of a bunch of shorts and options players. Reality says though that the DJIA has paralleled 1997 for seven weeks in a row and next week calls for a rally to nearly 8000 before diving to 6971 the last week of October. I have to stay with this scenario unless the DJIA can hold 8100 next week. The real bargain buys are going to be ripe for picking for the next three weeks. Just don't do it with margin. Use that for a kicker when the picture is clearer. Sam
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