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Biotech / Medical : Millennium Pharmaceuticals, Inc. (MLNM) -- Ignore unavailable to you. Want to Upgrade?


To: John O'Neill who wrote (144)4/1/1998 1:05:00 AM
From: Richard Haugland  Read Replies (2) | Respond to of 3044
 
looks to me like today could be breakout to downside

3/8 came off in the last 5 minutes of trading today to finish at 18 5/8, although the stock earlier touched 18 3/4. That is its lowest point in the last two weeks. It's looking attractive, especially if it gets back to near $18.

207.95.154.130

MLNM's 180-day chart shows that it has hugged the $19-20 since early October except for a short downtrend in December and an uptrend about 6-weeks ago.

207.95.154.130

Since there seems to be little news either direction if it does break down further it would seem like another buying opportunity. I am still holding my shares bought in the $19 - 19 1/4 range, including some more from today buy expect the fluctuations should carry the stock back into the high $19-$20 range within a short period.

Like MLNM, VRTX has been trending down but I have easily been in near $32 and out today at both $32 3/4 and $32 15/16 after doing the same thing last Friday. Just harder to get out in down-trending stocks, like MLNM has been this past week.

On the other hand BCHE has been trending up and I sold too early yesterday at 23 7/8 for + 1/2 and am currently out of that one.