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Strategies & Market Trends : Chart Formations

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To: Casaubon who wrote (807)	6/17/2005 2:49:54 PM
From: sean sanders	Read Replies (1) of 967

nice call on VRTX! I was trying to figure out what its doing atm; looks like its either going to pull back a little or flag till the close (most likely scenario) that way on monday it can choose which way it wants to move. I got out of my TASR :( lost some on that one. I'll be happy when I can look at stocks whenever I want and not have to wait till lunch to do so. I dont like putting trades in for the open when I cant see how things opened IBM tried to break out today but 'they' wouldnt let it I just bought some calls of FNM; not really sure why they didnt offer more options for calls they only offered the junes and jan 06's. And obviosuly the jun's exp today; was hoping I could get the july's today. (This one will probably be a short term play) I'm hesitant about getting in VRTX atm; atm I dont have any time to look at the stock on monday till lunch and its possiable we could have a pull back on monday. I generally like to get into something when I have a set trendline to fall back on; ie some kind of pullback etc ... I think if we flag on monday ie pullback some I may get in at lunch ... have to see. again nice call on VRTX! Sean

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