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Biotech / Medical : GUMM - Eliminate the Common Cold -- Ignore unavailable to you. Want to Upgrade?

To: Eric Fader who wrote (1844)12/7/1999 2:01:00 PM
From: DanZ  Read Replies (2) | Respond to of 5582
 
The daily chart is nearing a short term buy signal, and a move through 14 1/4 would confirm it. The weekly and monthly charts never did turn negative and the bounce off the 20 week moving average yesterday was very positive. The bullish fundamentals are exerting themselves again, and the overblown decline due to the exercise of expiring options is over. My prediction: 16 within 2 weeks and 18 if the nicotine gum joint venture is announced before Christmas. All IMO.



To: Eric Fader who wrote (1844)12/7/1999 2:03:00 PM
From: Eric Fader  Respond to of 5582
 
Jeez, if I hadn't just posted yesterday questioning the validity of technical analysis of GUMM, because of how thinly traded and prone to short-term manipulation it can be, I'd say the stock just completed a rather emphatic technical reversal that should reestablish the low 14's as support if the shorts don't whack it again.

EDIT: Dan, I didn't see your post until after I made this one, but we're obviously on the same wavelength here.


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