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Strategies & Market Trends : Charts for Quick CASH $$$ -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (4880)	11/5/1997 2:37:00 AM
From: John Metcalf	Respond to of 9262

{ SQNA } Thanks Ray. <That candle yesterday was precarious. But that's a Biotech pattern.> Biotechs tend to move on news; viz., suddenly, before they hit the charts. In retrospect, Arris (the acquirer) had moved down before the news, but I didn't see it (and blame the Hong Kong-disrupted trading, yeah, that's the ticket-:) That said, the arb is gone, but we're just entering biotech season and this is a good combination. If it stays in your sights, both/either companies are buys.