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Biotech / Medical : Biotime-Nasdaq's best kept secret? -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (722)	2/20/1998 4:40:00 PM
From: Jim Roof	Read Replies (1) \| Respond to of 1432

Trading to 15 1/2 is of no concern. Closing down a quarter is of no consequence. But I am glad that you got your jollies off on it. Actually, I think BTIM's move to the 15's is fairly predictable. It has moved from 12 to 18 and this retracement is perfectly normal and in no way bothersome to a patient long investor. There is some evidence (historical technical analysis trends) that the 15's could be the low for a while. This is not in stone (as I am sure you are not willing to etch your 1 dollar target into granite either) but after the correction from 27 to 12 the move to 18 pierced a clear trendline across the tops of the decline. Once pierced, the spot of trendline violation frequently marks the level of support (that would be at about 15-15 1/2). I would be careful here if I were short. Positive news at this point could propel BTIM quickly into the 20's again. Jim