Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (3138)	3/19/2001 2:28:02 PM
From: Marty	Read Replies (1) \| Respond to of 52153

Why, really, does it still have to close above 6 3/8? I believe it will, sooner rather than later, but what exactly is going to happen at that point? Are there that many people out there who are calling their brokers and saying, "I want to buy this stock, but I want to wait until it goes higher than 6 3/8?" Or are there not enough sellers above 6 3/8, so that any demand beyond that very point will move the stock much higher? I see the chart and the recent high but I really don't understand the scientific or even a rational basis for not buying a stock you presumably like at 5 1/2 unless it goes higher than 6 3/8.