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Biotech / Medical : DRAX - Draxis Health -- Ignore unavailable to you. Want to Upgrade?

To: Harold who wrote (388)	6/13/2003 1:04:11 AM
From: nzlsixty	Read Replies (1) \| Respond to of 412

I am still holding, just feel they have potential. Will more than likely follow upward trend in the market. Can not find any real bad news about this company so it will respond well to good news. FWIW. Johnno

To: Harold who wrote (388)	7/6/2003 10:46:12 PM
From: FML	Read Replies (2) \| Respond to of 412

Haven't said anything on this Silicon Investor board for a few years but here is how I play Draxis health stock. First look at a five or six year chart. I buy on what are now the six year cycle lows ( usually around $1 to around $1.50 ). If you are selling then use the cycle highs to guess your selling points or sell as the stock is raising so that you have profits already banked while still keeping a position as the stock moves up. . Here is the example: Last buying level was earlier this year at $1.20 and below. That was the buy point on this current cycle. The stock then moved up and the first consolidation and sell point for some ( some of the stock ) was around the $1.70+ area where I sold some at a little more than $1.70 and then held the rest to see if the cycle continued. That is a 40% gain on those Draxis shares bought around $1.20 and sold at over 1.70 The next move, as it continued its repeat pattern and moved upware, was in the last few days and it closed last Friday at $1.94. .That then is a 60% gain on those remaining shares bought at $1.20. . Now the decision always is how much to sell at each level as it moves up. ( we are now at the 60% gain level from $1.20 ) and how much to retain on the speculation that Draxis will repeat its 6 years cycles from around as low as $1 to somewhere around $ 2.75 to around $3.50 n the high point of the cycles. That is a matter of looking a the chart and looking at your crystal ball to see what you "guess" the next high will be. There are few stocks in the market ( particular the last three years ) which have produced regular 40% to over 100% consistently and repeatedly. I always hold "some" stock in a long term position as just in case the stock breaks above these cycle highs. I'm not sure there are enough investors who appreciate the the advantages of a stock which repeatedly allows you to buy at repeated lows and sell at repeated highs with 40% to 100% moves from the repeated lows to the repeated highs. See the six year Draxis chart lows and highs by linking to: siliconinvestor.com If you are going to play Draxis this way then you will not want to take all you profits out in cash , hold some of those shares purchased at the lows for the long term high cycles AND the possibility that one of these times it may break above the top of the six year repeated highs.