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Biotech / Medical : Biotech Short Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (322)	1/17/2003 9:11:25 AM
From: EVENT HORIZON III	Respond to of 897

RATIONAL VRS PERCEPTION OK assuming you are right...one is left with several decisions. To valuate MRK & short now. To allow the market to foolishly valuate/inflate MRK stock along with the market as a whole then go short. Question has MRK been downgraded for this obvious flaw yet? I see that it has for other reasons. Classic on Dec 3rd it was downgraded to a sell then corrected upgraded to a hold by the same firm. Ya think they would have their P's & Q's right by now. biz.yahoo.com Now the Issue...Technically MRK is testing resistance @ $60. That's someone acting out. Maybe even funds just scrambling for better name stocks. Who knows. Do you use technicals as part of you're shorting strategy? If so where do you come in. I argue not here. I would wait to see if it breaks out from it's double top here... Set to JAVA two years & weekly... bigcharts.marketwatch.com My guess is MRK will perform based on the past & present more than the future right now...& break above $60... Enjoy Jeff