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Strategies & Market Trends : WELCOME TO THE CATHOUSE

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To: jsavage who wrote (1029)	1/19/2002 1:23:11 PM
From: ivan solotaroff	Read Replies (1) of 1065

Jeff, BMY is an interesting catlike play in progress. It gapped on news intraday in 4/00 for a full 30%http://www.askresearch.com/cgi-bin/chart?symbol=bmy&exchange=USA&size=640x480&months=24+months&type=Bar&color=Graph+Paper&scale=Logarithmic&moving=exponential&moving1=20+day&moving2=10+day&moving3=None&bollinger=20+day&ind_vol=on&ind_obv=on&ind_sto=on&sto I watched the action that day and thought it muy felinico. Friday was the new low on significantly higher volume, with a strong bounce at the end of the day askresearch.com While there are obvious fundamental (bad news)-type reasons for the drop (and equally obvious technical reasons for the bounce (meow, meow), it remains a kind of quasi-cat with a fresh signal. If nothing else, it's one of those "trades" that if you get caught in a loss with it and have the odd 2 weeks to 2 years to sit on the loss (a.k.a. "investment"), you'll be pretty well assured of selling higher than where you bought. Definitely not true of the KMarts and Enrons I've been gambling my retirement funds with. Ivan

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