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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (2456)	12/5/2004 11:15:16 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

Hi Reid, Thanks much... some very nice charts. I really like ALXN, INCY, also GILD. Quickly looked at some gold sector charts, they all looked like they need another day or two to set up. T

To: Vendit™ who wrote (2456)	12/6/2004 4:11:23 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

Hi Reid, Here's a stock (BCII) that has been under accumulation. Note the recent and sustained volume surge over the past 7 months. Institutions own most of the shares already; insiders own about 27%. 139.142.147.218 The chart shows a unique "step" pattern. Here's the 3 year chart. Very unusual. 139.142.147.218 You will see that BCII has been in a sideways consolidation and appears to have formed an ascending triangle over the last 7 months. The amplitude of the oscillations has diminished over this time. On Thursday and Friday, BCII staged a breakout attempt on a sudden surge in volume (about 3 times normal volume). Friday's candle suggests the breakout attempt may not succeed this time. Obviously, big boys are here on the long side; shorts hold about 11% of the float, or 6 days' trading volume. Revenues are expected to quadruple over the next fiscal year. The company has two FDA-approved products, two in the pipeline, zero debt, $112M in cash, and increasing profits. Sounds like a lucrative takeover candidate to me. All this, together with the past history of this stock, suggests to me that an explosive move will occur, but one would probably have to be patient. This could take a month or two to fully uncoil. Then again.... I wonder if the volume on Thursday and Friday reflects some activity based on insider knowledge ???? Maybe something big is cooking there. T

To: Vendit™ who wrote (2456)	12/7/2004 7:53:46 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

Re ALXN... this on the wires. There's tons of good biotech news out today. The sector should do well: ALXN Alexion Pharm reports results of 2 yr study Company announced that data showed that eculizumab administration for two years was associated with statistically significant reductions in hemolysis and in the need for blood transfusions, a key clinical objective of the trial. This observation will be further tested as more patients are treated in the ongoing Phase III program.