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Biotech / Medical : Texas Biotech (TXB) -- Ignore unavailable to you. Want to Upgrade?


To: TradeOfTheDay who wrote (512)1/7/1998 7:03:00 PM
From: JuniorMint  Read Replies (3) | Respond to of 834
 
Bev,

Investing in the Semi-equip sector I learned that when all the analysts have upgraded or recommended a stock, often that was near the top. The same held true for downgrades and bottoms. I don't see any other evidence of a top with TXB, but with a number of upgrades out - it is disconcerting that the stock just hovers around 5.75-6. Are biotechs different? Just waiting for FDA approval? TIA for any responses by people that know a lot more than I do.