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Biotech / Medical : Immunex -- Ignore unavailable to you. Want to Upgrade?

To: KM who wrote (311)	5/6/1999 1:30:00 PM
From: Guy Gordon	Read Replies (1) \| Respond to of 656

My cat likes to sit there, too. I think she likes to look at the charts. :-) Interesting that you're buying in just as I'm selling, based on the same chart. I love the company. This is just a short-term trade for me. I bought at $75 and am taking some profit, as I think it will go back down to 90 before it goes much higher. I base this on moving averages. This is about as high above the 50-dya MA as this stock has gotten in the last year. I draw a resistance trendline through the tops in Jan and April. We're close to that, so I don't see much short-term upside. I plan to buy it back if it falls to the 50-day MA. None of this applies to anyone planning to buy-and-hold. I do some of that, too, but only with large-cap growth stocks.