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Biotech / Medical : Pharma News Only (pfe,mrk,wla, sgp, ahp, bmy, lly) -- Ignore unavailable to you. Want to Upgrade?

To: HoyaBob who wrote (596)	7/30/1998 1:54:00 AM
From: Anthony Wong	Read Replies (1) \| Respond to of 1722

Personally I think WLA at the mid to low 70's is a good long term buy (or at least it's worth buying 1/2 of your position at this price). It's a good company that I'll be comfortable holding for the next 5 years even if the market tanks. It really depends at what price you've sold earlier. It's very difficult to accurately calculate the bottom resistance level (perhaps you can look at the 50 dma). At this stage of the bull market, it's better to stick with big-cap and liquid stocks.