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

To: JoeinIowa who wrote (28716)	6/17/2002 7:07:36 PM
From: Sergio H	Read Replies (1) \| Respond to of 29382

No, I meant the relief rally we were looking for last week. A relief rally is a temporary spike that occurs when the market is oversold. In the last few weeks, we've experienced indiscriminate selling accross all sectors. A buying spike was due. No one is claiming a market reversal based on today's activity, but its interesting to note that the biotech sector is leading the pack when the market gains as well as when the market drags. Sergio ps Professor Ken, I am thinking about taking FDP profits. The stock has moved too fast. Can you give me a price target ala Doug's IL? TIA