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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: snerd who wrote (2161)	12/16/1998 8:59:00 AM
From: Fitz	Respond to of 56535

Sadam messing around again.............. Weapon inspectors leaving the country....... Oil and gold up this morning....... Keep a eye on RON and RIG....... Looking for them to trend upward.......... Regards, Fitz

To: snerd who wrote (2161)	12/16/1998 9:14:00 AM
From: Mike McFarland	Read Replies (1) \| Respond to of 56535

Entry points, today's biotech stock 'o the day, and a couple general questions for the thread. I would really like to hear more about entry points, I've simplified the issue for myself by just rushing into an idea willy nilly, I often get into an issue too soon, since I mainly do bottom fishing. Ouch, I'd hate to think what my performance this year could have been if I'd been a bit more patient. So first question: What is a better way to pick an entry point...add a stock to your watchlist and wait for a day where every- thing trades down...or look at the individual chart and wait for it to reach the bottom of it's own trading range. Okay next topic...two interesting stocks. PCOP is Pharmacopeia--they may be getting a boost by association with Novartis, here is a snip from the news release today. Pharmacopeia will receive payments from Novartis Crop Protection for each library provided. Pharmacopeia will also be entitled to milestone and royalty payments as compounds progress through development and commercialization. Further financial terms will not be disclosed. and the link biz.yahoo.com Using PCOP's chart as an example, what would be a good entry point based on the chart. Or with the market perhaps getting nervous with impeachement and Iraq attacks maybe hope for a sell off, followed by a Santa rally next week, plus the January effect later. My wife already owns some of this, but I'd like to try and trade it today as well...especially since I have that pair money free (see how it burns a hold in your pocket!) --MM