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Market breadth was positive and volume picked up in the last hour of trading

Analysts said many investors were sitting on the sidelines as they digested the data. Gains to technology shares pushed the nasdaq into record territory wednesday afternoon, while blue chips put in a mixed performance after a wholesale inflation report reinforced inflation fears. Frank gretz, of shields & co., said investors must like the biotech sector because of its strong performance One stock in particular that caught his eye is biotech general (btgc).

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