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Biotech / Medical : BIOTECH & TECHNOLOGY INVESTING *UNDERVALUED*{T/A F/A & V} -- Ignore unavailable to you. Want to Upgrade?

To: Mike who wrote (374)	1/12/2003 9:04:27 PM
From: EVENT HORIZON III	Read Replies (1) \| Respond to of 423

Hi Mike, What happened in mid November at MDCO. Chart shows a shot across the bow & then engines full bore. Why the dip to twelve then the recovery & break out above $14 to $16 so rapidly. Something sparked/rekindeled interest. Recent { 2 year } trading suggests resistance in the $15 to $20 range unless significant fundamental expectations over a time tested period can warrant accumulation through that $20 point. That means significant accumulation by funds etc. That will necessitate increased volume IMO. Thus mid term expectation is a test of $20 over a three month period given currant trading behavior minus any surprises. Likely before months end if the January Effect takes hold minus War. What can occur at MDCO besides expected increased sales? Obviously the accumulation suggests profits at these levels. Question is what specifically will lend to further accumulation beyond the earnings announcement? Jeff