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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (1601)	1/12/2001 11:40:34 AM
From: Jenna	Read Replies (2) \| Respond to of 6445

IDPH we waited for conclusive short trigger which we posted as the low established by 10:00 instead IDPH had a range expansion breakout at 10:00 and triggered long. We never get into trades lately before 10:00 only rarely at 9:50 3> IDPH Idec Pharmaceuticals Price 165 (P/E of 211) Imminently tradeable but the biotechs are overpriced again even tough IDPH looked great on Thursday. Without a bottom in Biotechs, Nasdaq won't be able to recover. IDPH might not trigger short tomorrow than by all means buy the high established by 10:00 but if the market and BTK (Amex Biotechnology Index) is under pressure IDPH could be one of the first to drop