Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Biotech & Pharma.T.A, -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (1100)	6/18/2005 4:25:17 PM
From: Mike McFarland	Read Replies (3) \| Respond to of 3722

Anybody have a read on the mygn chart, it may be a little early, but I started a position last week and need an upside target. In at 15.2, stop loss will be at $15. Yahoo shows ~31M shares outstanding, ~72% institutionally held (looks like the higher quality mutual funds hold this) and as of May 10th 4M shares held short, down from 6M the month before. I thought a little run next week to around $18 might be in the tea leaves (bollinger band anyone?) possibly assisted by a little short covering coming off a press release monday followed by a conference call tuesday. Sound reasonable? I've done a few good trades in the past couple weeks and I've become emboldened with this freak success <g>. Also, Rick seems to have reached maximum frustration with the ceo and may also possibly have reached maximum pain from the shareprice. Lots of signals here.