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follow-up buy we spoke of on March 7 appears to
be much closer. Thursday's market action was
similar to a one-day turnaround, with biotech
indices closing up over 10% from its lows of the
day. However, closer inspection of individual
issues indicates that this pattern is yet
incomplete, so it may be a while longer before
we get the actual buy.
Wednesday, March 7, 2001: Overall
market weakness expected. Follow-up buy coming
(but not here yet). For those invested in
biotech who are starting to get anxious due to
the recent lack of strength, hang in there.
Despite the absence of a strong move to the
upside, biotech has shown no real signs of
weakness either, and we see a follow-up buy
developing on the sector, though it is not here
yet.
· April
2001
· February
2001
·
January
2001
·
December
2000
·
November
2000
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