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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: the options strategist who wrote (12595)1/11/1999 3:32:00 PM
From: Ms. X  Respond to of 34810
 
Jen, I've written it down in my book and will look at it tonight. Off the top of my head, PFE has pulled back brilliantly and would look to buy once it reverses back up. I'll have to look at the others.



To: the options strategist who wrote (12595)1/11/1999 11:04:00 PM
From: Ms. X  Read Replies (1) | Respond to of 34810
 
Jen, looking at the Biotechs.
There are a lot to choose from since the sector has been a weak. The following are stocks that can be bought at market and I'm listing the stops. Of course I have to put in the traditional FA disclaimer.

The stocks you asked about:
PFE, nice pullback. Momentum is still negative so it may not be done pulling back yet. Stop is 108. I see no reason to think the stock is in any trouble, just taking a breather.
MRK, I'd wait a little bit on this. Broke a double bottom but otherwise looks good. 2:1 split on 2/17.

Here is a list of others with their stops.

BXM 51
SERO 24
AMGN 99
AVIR 18
CELG 13.5
GENZ 46
ICOS 20
IMNX 114
KERA 11.5
MEDI 41