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Biotech / Medical : Serologicals Corp (SERO) -- Ignore unavailable to you. Want to Upgrade?

To: John Ritter who wrote (8)	4/17/1999 11:14:00 AM
From: dragonpawn	Read Replies (1) \| Respond to of 23

Monday it will bounce back to 7 1/2. A lot of stock behaves like this after 50% drop then gain back a half.

To: John Ritter who wrote (8)	4/18/1999 12:04:00 PM
From: PuddleGlum	Read Replies (3) \| Respond to of 23

This stock has been on the p&f "don't touch" list since it broke down to 16 1/2 in, what was it, February? I just removed SERO from my database of stocks to watch. It has RS in O's, RS is on a sell, the X's and O's are on a sell signal, it broke the bullish support line at a level above $20. Supply is clearly in control of this stock. Yes, it may bounce up to 7 1/2 on Monday, but at this point the only way a P&Fer would touch this stock is as a trade if the chart develops some positive characteristics, not as a hold. I am not familaiar with the fundamentals of this company. For the record, I also own one stock (TIE) with a very ugly p&f chart, that I just entered a couple of days ago, so I don't always follow the straight and narrow when it comes to p&f. pg