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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: redfish who wrote (35623)8/20/2005 1:50:23 PM
From: Chispas  Read Replies (1) of 116555
 
Zeev says 'too many unknowns' - .

>>>>>>

Posted by: Zeev Hed

In reply to: SwingGal who wrote msg# 418802
Date:8/20/2005 11:50:24 AM
Post #of 418821

I was quite surprised in the verdict, since the cause of death was not heart failure, but arrhythmia, Vioxx has not been implicated in any arrhythmia case, but WDIK. This thing is going to have huge ups and down in the next few years as news driven events, both positive and negative drive the stock as they did at the time with tobacco, getting MO to the high $20 or so. I am more worried about the potential liability of big pharma as it relates to all the cholesterol lowering drugs, these are real killers, but no one is making any noise about it.

It is interesting that the support at $27.45 held even during the AH session yesterday. If it holds early on Monday, we may have a bounce back to just under $30, the bottom of the last box, if not, the November lows around $25 should be tested. Still not playing this one, however. Too many unknowns.

>>>>

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