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.

Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (224)	3/5/1998 2:16:00 AM
From: Jim Roof	Respond to of 4634

Biotime is a stock that has gone from about a buck and a quarter to 26 in less than 2 years. The fact that it trades now at 13-15 does not call for a 'major reversal'. What I mean by my comments are that even in the face of a loss of 50% of it's value in the big picture BTIM is bullish. The trading from October to now is a corrective move that is to be expected from ANY stock that has moved so far and so fast. This does not surprise me in the least. BTIM's chart movements look more like an intermediate correction than a major reversal. Consider that most intermediate corrections happen without a major top formation. BTIM had no Head and Shoulders or broadening top. It did not make a double top or a diamond wedge that all call out for a major trend change. BTIM just hit a level and then retreated - plain and simple. Jim