heres my trading thinking for today, we trade narrow range for a little while longer, then move to upside with nice strong last hour, under that scenario , here are my picks
yhoo-anaylyst meeting this afternoon, koogle on business center tonight, unveiling wireless strategy, they look ready to run back to 150 pretty soon imo
ntro-low risk entry here under $33
cien-high risk for late run today, earnings at close, split rumor, need market to run for this play to work
for a longer term plan (over 24 hours) i think biotechs will run soon, big cancer conference this weekend, should be some good news on discoveries, my favorite biotech is cege, 300 patents in gene therapy, selling for value of abgx stock and cash, this one is one drug away from big move, but most biotechs run together, also like cra and affx,abgx,absc, but something tells me we are due a little biotech rally shortly just my opinion
on negative side, volume is still light, we are going into summer, but no big economy reports or fed meetings for awhile, so direction is flat, waiting for news to ignite direction north or south, i think there is some more upside before we hit the top end of the range, want to see at least 3800 on nasdaq before i start going short |
