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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Vendit™ who wrote (5631)	3/1/2005 9:01:01 AM
From: Walkingshadow	Read Replies (1) of 8752

Hi Reid, There's a lot of good news this morning in the biotechs. The sector should do well, including BIIB and ELN. Both SIRI and XMSR should do well today also, especially XMSR which is highly shorted (40% of the float) and in the midst of a short squeeze. The index futures are trading up right now, and it looks like we'll open with a modest gap up and some bullishness into the session. Oil has backed off a bit, and the dollar is doing better for now. All in all, should be a plus day in QQQQ, but I think there's a reasonable chance for an afternoon selloff depending on how volume patterns develop. If I were daytrading (no chance of THAT today!), I wouldn't hold overnight, that's for sure. T P.S. The thread is still #1 on the Hot Topics list

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