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Biotech / Medical : RXSD Rexall Sundown -- Ignore unavailable to you. Want to Upgrade?

To: Dorine Essey who wrote (190)	11/10/1998 3:24:00 PM
From: Thean	Respond to of 327

Dorene, I don't know where your exit point is but there is a resistence at $15 1/2 - $16 (used to be support level before the plunge). If RXSD can maintain its current cautious buying going, it may go another $1 - $1 1/2 before it hits resistence. By then, the small caps may be susceptible to more profit taking as the overall market gets ready for a possible FED disappointment next Tuesday. I'll be very happy if I get called away since I hedged with Nov 15. But if it fails to penetrate $15 1/2 - $16 and head back down and there is no rate cut next Tuesday I'm prepared to sell and hold the call naked till expiration.