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Biotech / Medical : Summit Technology (BEAM) -- Ignore unavailable to you. Want to Upgrade?

To: chuber who wrote (1290)	7/27/1999 8:49:00 PM
From: HerbVic	Read Replies (2) \| Respond to of 1386

I have no idea. But one thing is certain... nothing EVER happens in a vacuum. Rest assured that there were quite a few people who knew BEAM was going to be favored by the FDA. I'm still wondering about the effect of tomorrow's earnings. Are we going to see a return to 29 under short term volume? Once earnings news is out, BEAM is going to be quiet for awhile. With no immediate news, we may see the stock meander its way back toward 20 as the new support level. The broader market is looking for a correction. With Y2K less than 6 months away, we may see the trend turn bearish except for pre-earnings season ramp ups. That would make mid September the best buying time. Converted to cash at 27 3/16 this morning. Would have shorted at 29, but I was at work and missed logging the event by about 8 minutes. Didn't feel safe to short at 27 1/2 with my schedule. HerbVic