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Re: kstewart23 post# 16312

Friday, 08/16/2002 11:33:23 AM

Friday, August 16, 2002 11:33:23 AM

Post# of 704041
Bruce, I think that we had about 50% of the rally we are going to have on the Naz (my target is still just the 1526/55 area), yes Bio may lead here, but MLNM is not making money and had a solid move, I am sticking mostly with those that make money. Once we go into another down turn on the Naz, I fear the bio sector will be hit hard again. I don't follow ABGX. Right here a 1365 we are only some 35 Naz points from a major overhead resistance, so I would be careful about deploying for the mid term, I would rather wait for a retrenchment to the 1300 area for more medium term deployments in the sector.

Zeev


AZH

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