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Strategies & Market Trends : Point and Figure Charting

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To: SFW who wrote (12818)	1/19/1999 8:38:00 PM
From: PuddleGlum	Read Replies (1) of 34811

Abed- I've traded ICOS, but the only shares I'm holding now are for long term. I have a very difficult time valuing a company on money that it's not earning, but they have a good pipeline, good mgmt, and Bill Gates is a big shareholder (possibly a negative here?). The p&f is comfortable, with significant support at $24, the BSL at $21, and RS in X's and on a buy. It seems that the stock is not getting ahead of itself, as it just meanders slowly upward. I don't think they'll be making money for awhile, and I don't plan to add to my holdings soon. Keep in mind that I've been a shareholder for less than a year, and haven't studied the company extensively, and I'm no expert on development stage drug companies. pg

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