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Biotech / Medical : T/FIF, a New Plateau -- Ignore unavailable to you. Want to Upgrade?


To: scaram(o)uche who wrote (1212)6/25/2002 5:01:32 PM
From: scaram(o)uche  Respond to of 2243
 
Turning the corner on the most embarrassing quarter in biotech's history, in the middle of a NAZ that has come back from 5100 to 1400......

finance.yahoo.com

That's just an example of a stock that is already -- IMO --turning the corner re. end of quarter window dressing. Volume today was high, there is still enormous selling pressure. However the price demands that some will have an interest in accumulation. Given this market, there is no telling which direction the stock will head tomorrow, next week, next month, etc. I am just picking it out to show a broken pattern that I believe is associated with the end of this &%$tt% quarter.

On July 1, many biotechs will be very volatile. A little bonus, it's a Monday. I'm NOT saying that the sector's mainliners will be going up. However, I do believe that the "stand clear" will come down for many veterans of the sector.

The NAZ close, 25 June 1997, was 1446. The close today was 1423..........

finance.yahoo.com^IXIC&d=c&t=5y&l=on&z=b&q=l



To: scaram(o)uche who wrote (1212)6/25/2002 6:54:03 PM
From: LLCF  Respond to of 2243
 
LOL, still have lots of GOLD believe it or not.... but have rolled into "little crap" to take some profits. It's a "race to devalue" at the moment... great for gold. Keep watching that dollar. IMO things look terrible economically speaking [FDX, MU, etc etc etc].... been buying some bio too early, but doesn't one always?? :)

DAK