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Strategies & Market Trends : Charts for Bottom Breakout -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (1657)	3/30/1998 10:14:00 AM
From: Ed Huang	Read Replies (1) \| Respond to of 3105

The market will eventually break one day, but we don't know when. I wouldn't pick the top and buy put option right at the moment.

To: Mike McFarland who wrote (1657)	3/30/1998 2:24:00 PM
From: Mike McFarland	Respond to of 3105

We should see Viragen in the top five of the less than 10mm sales biotech group after today: techstocks.com I made a good trade in this one in March, buying near 2 and selling near 2.5--it trades between 1 and 3 over the last year...but was way up around 9 in 1996. I think the fun of a profitable trade took me away from the bigger picture here, which is that maybe Viragen is going to break out of that 1-3 trading range, so I'm back in to the tune of 5000 shares, almost ten percent of my "porfolio", which is pretty much just cash now I am so bearish. Here is s closeup of VRGN's stock's price recently quote.yahoo.com and today's news biz.yahoo.com Am I hyping this? Well yes--it is the only stock I own right now! Of course, I am not a chartist, I defer to Ed for that, after all it is his thread. Thanks for your time. --Oh by the way, Ed, I got out of MINE, some crummy news I thought, and had a 100% gain to protect. Of course I didn't do a very good job of protecting that gain, but was pretty happy averaging out with a 70% gain. No more pennies for me for awhile!