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To: Larry S. who wrote (36065)12/18/2001 12:35:26 PM
From: Mkilloran  Read Replies (1) | Respond to of 53068
 
Larry S..I'm looking for AMRN to recover quickly to it's 100 day M/A and move onto new highs from there.
Plenty of support at the 200 day M/A level.
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The Chart Room has received several e-mails about previously featured pharmaceutical stock pick Amarin , which was recommended by Dennis Slothower, the editor ofOn The Money. Slothower recommended the stock at $24.50 on Nov. 1 (see "Amarin: A Remedy For Ailing Portfolios"). It climbed to nearly $29, but has since retreated to $17. For those who didn't follow his advice and put a stop loss in at $20, hang in there. Slothower is still a buyer. "I think the decline is mostly from sector fund managers shifting their holdings." He sees considerable support at the $15 to $16 level for Amarin since August, and thinks the stock has bottomed. "I have it valued at $41," Todd says. "I think people will move back into more defensive stocks like health care as the market corrects and I still expect it to double in six months."

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