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


To: Hank who wrote (2492)4/5/2000 8:44:00 PM
From: Mad2  Read Replies (1) | Respond to of 5582
 
Concerning comments about the uptrend, GUMM broke the 200dma at around 16.4 on the 29th. volume has been higher than average since that event. I think any market technician would agree that confirms the breakdown of the uptrend
GUMM has the market going against it at the moment as there is a general nervousness for speculative small stocks.
Throw in some forced margin selling (SW's problem) seasonality of the product, unkown/speculative future and it isn't a pretty picture.
Pigs get fat and hogs get slaughtered.
Mad2