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Biotech / Medical : IVAX Insider Trading -- Ignore unavailable to you. Want to Upgrade?

To: Rainier who wrote (577)	3/18/1998 3:32:00 PM
From: Ken Adams	Respond to of 756

Hi Lisa... The discipline I've been working on is to set a target and exit when that target is reached. I have a little note taped to the front of my monitor that says "THINK 10%". That is my typical goal on a trade. I want to do this in about a month. I watched IVX move into a price area that I thought might see it make bottom. I was watching the old April lows around 6.5 and wanted it to hold near that. When it plunged down to 6.25, or so, and turned, I got my first hint of a buy signal. I waited until it moved above old resistance at 8.25, and got ready. I actually bot a couple days later and immediately told myself it was too soon <G>. But, other technical indicators suggested I was OK. When price failed to close on its high on Monday, that was my alert. I was already in the area of my 10% gain, so I got cautious. Tuesday's action was the convincer to exit, which I did this morning. I got out on a market order at 9.3125, made one point even for a gain of about 12%. Ameritrade's commissions of $16 RT didn't hurt profits all that much. A good trade as far as I'm concerned. Still, I think after a little consolidation here, price could go higher. I'll be watching, even though I usually don't look back after I exit. Relative Strength suggests a rest here, so we'll see. Appreciate your comments and interest. Good luck with your continued hold. There really isn't a lot of resistance on the chart that stands in the way of returning to old highs...IMHO. Ken