the sell off yesterday and today was created
by Redzone in order to protect short term profits only:
***Of course, we wouldn’t be the Taipan Group if one of our editors’ profitable picks didn’t inspire his colleagues to do him one better. This was the case early this afternoon, when Red Zone founder Chris DeHaemer did his fair share to goad the Taipan Group’s Bull Market Summer of 2005 along with a sell recommendation on Biophan. He writes:
“Book ’em, Dano! Biophan just inked a deal with Boston Scientific. The stock couldn’t break through US$3.00 on the news. I don’t see any other catalyst coming down the pipe.
“Steven Edwards, our nanotech expert who just wrote a book on the subject, just emailed: ‘The deal with Boston Scientific is probably the high point for the near future, as far as I know.’
“With 146% gains sitting on the table, that’s all I need to bank it. By the way, that makes 16 winners out of the past 17 sells.”
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