Friday, May 1, 2009
Update and chart I am watching
sold MS +20% CX+1% partial X +8% TWB +11% and added to my CELG. CELG is absolutely getting murdered but with a company that is growing at a 20-30% pace with a killer pipeline (VIDAZA and REVLMID). It was downgraded today by Credit Suisse and was down 7%. It is in a horrific downtrend and down under the 50dma but if this rally continues biotechs will perk up sooner or later I feel. I am going to add some puts Monday for downside protection. GMXR is a stock looking up. It broke out once and looking to carry this momentum up. Volume is up huge. Its above the 10/20/50 dma and with the 200dma way up around $30 this stock does not have much resistance. I will look to open a position here on the next down day with natural gas seeming to have found somewhat of a base
Subscribe to:
Post Comments (Atom)


No comments:
Post a Comment
Thoughts?