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MYGN, MLNM and NLS have put in classic

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lee kramer  Grandfathered Member Monday, 08/19/02 07:14:26 PM
Re: None
Post # of 46 
MYGN, MLNM and NLS have put in classic bottoms after severe mark-down phases. MLNM and NLS exhibit re-accumulation "Head and Shoulder" bottoms. MYGN has, after a severe mark-down phase, traded "sideways" for two and a half months. This stock is entering a new mark-up phase, typified by higher highs and higher lows. MLNM may back off a bit, but appears to be a buy on weakness. It closed at 13.49 today, (8/19). Scale-down buy orders from 13.50 to 12.50 may prove worthile and profitable. NLS after a 50% decline in price put in a classic H&S bottom and ran hard from 22.73 to 31.59, a 39% gain. But NLS is well above it's rising 10 and 20 day moving average. I anticipate a reacton back to 28.60-29.10. Additionally, NLS has options. If the stock pulls back the call options will similrly decline in price. The Sep and Oct calls look quite attractive. I like NLS. A lot.



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