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Nadine Wong Highlights the Following Stock: Genentech.


Business Editors

CHICAGO--(BUSINESS WIRE)--Aug. 13, 2003

There are several signs that a biotech bi·o·tech  
n. Informal
Biotechnology.


biotech
Noun

short for biotechnology

Noun 1.
 sell-off is underway, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Nadine Wong, but there should be a pick-up in the fall. Get situated now with an innovative company that has a solid future. Get her take on Genentech (NYSE NYSE

See: New York Stock Exchange
:DNA DNA: see nucleic acid.
DNA
 or deoxyribonucleic acid

One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes.
). Click here for the full story exclusively on Zacks.com: http://featuredexpert2bw.zacks.com/

Here are the highlights from the Featured Expert column:

For most of this year, the Biotechs have rallied. However, last week, there were significant signs that a sell-off in the biotechnology sector is underway as both biotech indices fell about 8%.

For now, Nadine Wong anticipates a seasonal weakness for the biotechs. However, come autumn, the tempo tempo [Ital.,=time], in music, the speed of a composition. The composer's intentions as to tempo are conventionally indicated by a set of Italian terms, of which the principal ones are presto (very fast), vivace (lively), allegro (fast),  will pick-up as medical conferences resumes. Wong continues to think the fundamentals remain solid.

For instance, Wong has always liked and believed in Genentech's (NYSE:DNA) ability and recommended buying the stock prior to the Avastin story. To make a long story short, Wall Street keeps raising the bar on Genentech and at its current share price, Genentech has become a bit rich.

It's hard to go against the tide, although a major pullback Pullback

A falling back of a price from its peak. This type of price movement might be seen as a brief reversal of the prevailing upward trend, signaling a slight pause in upward momentum.
 in its share price would be a good play since the company will have solid growth built into its future.

Don't let the summer doldrums doldrums (dŏl`drəmz) or equatorial belt of calms, area around the earth centered slightly north of the equator between the two belts of trade winds.  get you down. Stay on top of the unpredictable yet profitable biotechnology industry with Nadine Wong's expert analysis and stock recommendations by clicking: http://featuredexpert3bw.zacks.com/

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 to buy or sell any security.
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Publication:Business Wire
Date:Aug 13, 2003
Words:554
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