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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (35798)	3/1/2002 5:23:36 PM
From: Zeev Hed	Read Replies (4) \| Respond to of 99280

I don't follow it, but it could be related to the general weakness in the biotech today, but the excuse is reorganization of their optoelectronics and a warning ($.16 vs hoped for $.25). When haircuts like that are delivered during a rally as we had today, one has to wonder about that rally. The fact that we could not even clear 2 B shares (while we did on the large down day this week) puts another question mark on the rally. I am still bearish, despite the fact that cash was reduced to just under 60% (part of that was the "forced" second buy of BPRX). Zeev