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Sunday, October 28, 2012 10:13:51 PM
....there are no fundamental reasons to sell
Sector breakdown produces Buying Opportunity
The biotech sector index continues to crash from its recent high of 1521. It closed today
at 1408 down 16. The 10 ema at 1447 has crashed thru the 50 ema at 1453. This chart breakdown
produces MINDLESS selling without regard to whether or not any particular drug or company
will attain FDA approval. Events like these represent the few and far between chances
to acquire shares of those that WILL PASS the FDA at discounts seldom seen. TO take advantage
of such opportunities you must have a shopping list. We have that...it is called the
Magnificent Seven.
CLSN CTIX THLD SNTA IMUC PCYC SBFM
http://finance.yahoo.com/echarts?s=%5ENBI+Interactive#symbol=%5Enbi;range=3m;compare=;indicator=ema(10,50,200)+volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
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