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Biotech / Medical : BEAM, BOL, KERA, LASE, LCAV, LVCI, LZRC, VISX, SNRS, STAA

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To: PF who wrote (110)5/27/1999 2:29:00 AM
From: HerbVic  Read Replies (1) of 253
 
I've been out of touch with the market today. It appears that my bullish stance on BEAM is still causing me to miscalculate. I bought back in with an average of 19.5.

All I really feel certain about is the longer term potential for this stock. It will trend up. That inspires me to hold it in these down turns. I think we should see another test of 23 when next months new money hits the middle of next week.

Remember, no single event sent the stock up to 23 last week. It was a collective of bullish investors, many of them leveraged with options. By the same token, no single event drove the stock to 15 1/2. It was a collective of bearish investors focused on broader market issues.

When the collective again focuses on the future value of this investment, BEAM will run again.

Best wishes,
HerbVic
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