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Biotech / Medical : AFFYMETRIX (AFFX) -- Ignore unavailable to you. Want to Upgrade?

To: lnkennedy who wrote (606)1/23/1998 10:39:00 PM
From: Richard Haugland  Read Replies (1) | Respond to of 1728
 
I just got in on the way down today at 26 just before the drop, of course. I expect that several stop loss orders got taken out on the way down because it came back as fast as it went down. I have been watching this for some time and considered this price a real buying opportunity. There seems to be some support at 25-26, at least today. The company has solid science and what appears to be the strongest proprietary position on analysis on chips. Today was a real sick day on the market.



To: lnkennedy who wrote (606)1/24/1998 10:47:00 AM
From: Bill Holtzman  Read Replies (1) | Respond to of 1728
 
>guesstimate on where the bottom ought to be.<
Here was my post 592 from Jan 6:

>I'm looking at the chart and seeing a descending triangle. The book says this will likely end in a breakout down to around 20 over the next month or two. Any comments?<

20 also looks likely because resistance has been encountered there before, in April and in December of 96.

Bill


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