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Biotech / Medical : CYTO -- Ignore unavailable to you. Want to Upgrade?


To: Rod who wrote (7073)3/26/1998 11:14:00 AM
From: Eric Freeman  Respond to of 8116
 
Cyto is doing exactly what one would expect. First it was oversold, and then after a very strong two day run up which brought in some traders etc. it has backed off to the $1.80 - $2 level. Right on the 58% expected retrace. A perfect TA trade.
If your a long term holder forget about it for a while. Leave the traders(I am one myself with certain of my funds), short sellers, and other holders of the financing stock to all work there way in and out. Focus and look for value. If you see it buy, if not sell. I was kind of hoping it would get back down to $1.75 so I can buy some more, for a long term position and also a trade(for some).
Otherwise, company looks better today, and with somewhat less risk than over the last 6 months. Still think we will see $3 to $4 this year and better next.
Cheers to all.

Eric