Biogen Message Board - Msg: 6954954

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Biotech / Medical : Biogen

BIIB 157.27

+0.6%

1:53 PM EST

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To: Harold Engstrom who wrote (793)	12/23/1998 6:54:00 PM
From: PuddleGlum	Read Replies (4) of 1686

Harold- An 8% drop on more than 10x average volume is not encouraging. Why did the stock drop all the way to $70 just on news of a mgmt change? This may have been an excuse for someone in-the-know to get out. That said, I bought back the shares today that I had previously sold at $80. Volume of 1M shares in the last several minutes of trading pushed the stock up $1. The bad news from a point and figure standpoint is that the stock violated its bullish support line and failed an extremely positive bullish catapult formation and it has plenty of resistance at 81-82. pg

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