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Biotech / Medical : Kendle International Inc. (KNDL) -- Ignore unavailable to you. Want to Upgrade?

To: Toby Zidle who wrote (27)	7/24/1998 1:25:00 PM
From: James Wright	Respond to of 53

My point yesterday that KNDL would drop fast if it broke below 30 looks to have been right on the mark based on today's action. I will decide when to re-enter KNDL once a clear trend emerges. Otherwise, buying now would be little more than rolling the dice. One trend would be that the price flattens out over a couple of days on very low volume. That could signal a bottom and might be a good buy signal. Another trend would be a clear reversal over a couple of days on strong volume. Hope this helps. Frankly, there are many small caps with great fundamentals that are under performing right now (e.g., CADE, AIRM, SIRN, etc.). If the market starts rotating back into high growth small caps, however, they will pop up very fast. Unfortunately, there is no way to predict when this may happen. -- Jim