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Myriad Genetics, Inc. Message Board

  • p1sorell p1sorell Mar 11, 2005 9:12 AM Flag

    Silence of the Lamb

    7:49am 12/06/04
    Myriad chosen as 'Top Pick for 2005' by Piper Jaffray (MYGN)

    It has been over 3 months since the analyst at Piper Jaffray picked MYGN as "Top Pick for 2005." Yesterday the stock fell back to the price he had recommended it. At the Piper Health Conference he stated the stock was up 25% from where he recommended it. That said, there has beem no reiteration since Dec. 6, 2004. I had half expected a reiteration today as the stock almost hit 20 yesterday. Comments?

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    • Still feel there is a possible 50% retracement from previous high depending on market conditions. That would take us around 19 and maybe intraday low of 18 where there is support, that is where the last offering took place.
      Hey, this is JMHO.

      Cheers

      • 1 Reply to justmeele
      • Still feel there is a possible 50% retracement from previous high depending on market conditions. That would take us around 19 and maybe intraday low of 18 where there is support, that is where the last offering took place.
        Hey, this is JMHO.>>

        You said a while back that you thought the stock could fall to 19 so your humble opinion has to be taken seriously since it hit 20.02 yesterday. That said, I think yesterday could prove the low on this correction with a rally back to 23 possible. Thus far today very little selling pressure but the day is young.

 
MYGN
29.49-0.51(-1.70%)12:54 PMEDT