Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (66868)	8/2/2005 8:46:20 AM
From: pezz	Read Replies (1) of 74559

<<why have i done what i just did?>> Good God I donno know why I did it let alone why you did it. I guess it's becuz the high flag is a chart that is the most reliable of bullish patterns,becuz companies that beat estimates and raise guidance usually follow through with stock price rises for the next few months after the dust settles and becuz biotech is the place to be at this point in time IMHO. And options offer lots of excitement and sleepless nights....The stock reminds me of GOOG when it wuz about 200 and went sideways for a short while after the earnings spike before taking off toward 300. I'm lookin for something around 100 here in the next coupla months god willing.... As you know lotsa stuff can go wrong but I figure we gotta 70% chance of makin a killin and 30% chance of disaster.Yesterday's results may be a breakout starting or we may pullback and base some more first. So don't panic if she falls back early today Patience may be required that's why I chose Nov. Give her time to run. This stock had been basing for several years but can make good moves when she starts to run.

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