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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: Clint E. who wrote (18743)	12/8/1998 10:45:00 PM
From: Tiley	Read Replies (2) of 67962

Hi Clint, Valid concerns on AMGN's products. The upside is capped at the current price barring any takeover rumors (Also because of fed pressure on EPO pricing). However remember that the co. generates a lot of cash and has an active buyback program. Do not look for a deep slide on this one. I think 70 would be a good entry point. Good call on the markets. I was out of LEVL yesterday @34 3/4. I think more downside is on the cards - too many people too complacent right now. Later, - MJ

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