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Biotech / Medical : AVIGEN(avgn)

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To: Larry Liebman who wrote (12)	1/20/1997 1:44:00 PM
From: Tom M	of 228

Larry I like to get a feel for the psychology of the stock. How it behaves on good or bad news is something I like to follow. The big guys really move a stock around on earnings day. On bad news, the stock is usually quickly driven to its low resistance point due to emotional selling. I like to be watching the intraday charts for buying opportunities(Like today for example I just picked some more up @ 4 because I was looking). I'd probably do nothing this earnings day but I like to make notes for my files on what the stock did when the report came out. regards, Tom

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