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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (11284)	4/11/2000 1:54:00 PM
From: the options strategist	Read Replies (1) \| Respond to of 19374

Hi Mr. V. Been busy out of town and working on my taxes. Question: Most of the biotechs have gapped down on an already oversold chart. However, the gap down places most of them either on support or touching their 200 dma. Where do you think is a good entry point. Normally what I'd do is wait for the sector index to break the trend higher and then wait for the individual stock to break higher trend these stocks move so fast. I'm talking about short term 1-15 days trading on the strong ones. for a longer term, i.e. leap, would you think now is a good time to get in? Thanks. jj