The SHORT and LONG of it Today
HAND -17% HOMS* +31% from this morning post on SI 8:37.....I am thinking there will be weakness in the biotech and pharmaceutical industries. Continuing from yesterday, ABGX, GILD, AFFX, ABSC, TECH, etc. .. Short opportunities watch list October 27 ALGX, HAND, ARBA, GILD, QLGC, AMGN,SAWS (yeah, I see SAWS went up but we are traders not morons, we went long SAWS in plenty of time)
Anyhow I think probably there will be a recovery in the "quality" biotechs and pharmaceutical stock on Monday. Maybe some energy stocks that are slated to report might get some upside.. and I still like the financial sector (i.e. FNM, NTRS, JPM and CCRT)
*HOMS we didn't get all of it missed about 3 1/2 out of 9, but if we hadn't tracked since before earnings and afterwards we would have missed it all. |
