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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?


To: Lucretius who wrote (2248)8/28/1998 2:15:00 PM
From: Thean  Respond to of 14427
 
As the last batch of bloated stocks to go, the pharmaceutical stocks are standing on very soft sand right now. The floor is yielding inch by inch. If anyone wants to short or put stocks that are near all time high and corrected less than 10%, this is the group. I saw MRK came down hard this morning but quickly it was bought back up. If this overall bear wind blow and blow, those suckers who bought on the dips are going to run out of money. Then they will fall hard. I put PNU today.

That evil tower is beyond repair. Still a good short though.

A few stocks that held their supports today:
BGEN (bounced off 50),
PMRY (still holding 15),
RIG (struggling to hold on 26),
ICOS (struggling to hang on 17),
SEV (held 10 5/8 so far).