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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: isopatch who wrote (10934)4/21/2002 3:32:56 PM
From: gold$10k  Read Replies (2) | Respond to of 36161
 
Iso,

<<Have you loaded the boat in biotech during the past month or two? If not, why not?>>

Not I, none! Once I see LT sector indicators turning up, I am more likely to buy a partial position near what appears to be the bottom and then add on strong volume and/or a breakout. But BTK does not appear to be exceptionally cheap nor are the LT indicators appealing. Moreover, I am bearish on the general markets and consider BTK much more likely to fall in sympathy than PMs and energy.

Regards,

vt



To: isopatch who wrote (10934)4/22/2002 2:49:25 AM
From: nspolar  Read Replies (2) | Respond to of 36161
 
iso, I manage due diligence and do my reading. I've noticed you've turned a tad IT bearish here of late. Not accusing you a being a perma bear mind you, I know you like to roll with the punches.

Thought you might like read this post, in case you have not already.

Message 17357849

The amount of bearishness on the SI boards is again troublesome. The indice indicators aren't yet clear to me as to the NT future either. So I've covered a few shorts and may cover a few more. Likewise I'm ready to grab a few more, when it seems the right thing to do. One day at a time.

Been a very interesting general market this year, to put it mildly.