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Industry Calls Archives: Biotech - November 2000
Biotechs
Thursday, November 30, 2000:  We believe that we are now close to at least near term lows in the biotech area. Tuesday, November 21, 2000 Biotechs: With bullish signals today on 9 of the 12 stocks that we cover in this industry, we are looking for them to turn up shortly. However, the 
signals on the biotechs are not as strong as those developing in the computer and semiconductor sectors, and as such, the rise in biotechs may be either weaker or shorter-lived than in other areas of high tech.

Monday, November 20,2000:  Although biotech is still pretty much the best performing industry for this year, it has recently broken through major support, and the mixed signals that we have on these stocks are not that strong. Although this sector is likely to participate in any major upmove, we do not look at biotechs for leadership in this move.

 

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