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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (28004)	2/3/2002 12:29:43 PM
From: Sergio H	Read Replies (3) \| Respond to of 29382

Ken, good observation on the similarity of the movements in the drug stocks. Over the last couple of weeks these stocks are moving in almost total sync. I meant "overhead" in my prior post, not "overhand." <ggg> I do agree with your reading on the trading channel, but did you notice that the channel, both the floor and ceiling, is in an uptrend? At the present time, DFIB is at the top of the range and is not a short term buy. News could, however change the picture. I also agree with you about that the dillusion from the private placement and Survivalink shares being a potential positive, PARTICULARLY IF THEY PAY OF THEIR $27 MILLION NOTE, which I think DFIB will, if they become profitable and start establishing positive cash flow. This could happen as early as the second half of this year...at least potentially. One more observation on the technical picture. Just a theory for now, curious if you agree or disagree. Charts that have a reversal in the 200 day MA trend, tend to have a spike when the 10 day MA crosses over the 200 day MA, peak when the 50 day MA crosses over the 200 day MA, and then retreat to retest the 200 day MA once again and then form a new attack rising to near the breakout peak. I'm going to have to re-read wave theory since I am sure that my observations have in all likelyhood been previously discovered and detailed. In DFIB's case,it doesn't really fit the parameters described above because support seems to be at its 100 day MA having successfully bottomed just above there twice since the breakout peak, instead of the 200 day MA. My graphic design/programming chief wishes to remind you that his site has been upgraded and updated and invites you to, in keeping with the season, challenge the groundhogs. His grandfather managed to reach level 8. Everyone enjoy Super Bowl Sunday. I'm looking forward to the halftime activities as well as the govt. paid for commecials regarding terrorist drug dealers. Sergio