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Biotech / Medical : Biotech Valuation

CRSP 53.85

-4.5%

Jan 9 9:30 AM EST

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From: Arthur Radley	4/8/2008 6:26:37 PM
	Read Replies (2) of 52153

(OT) With late news out of (C) my short position in (XLF) will make a major move tomorrow...wiping out my small gain. I will probably hold on until the Bank America and Wachovia report 1st Q results in about a week...merely hoping for a drop at that time to break even on the trade. For those with a long-term objective I would go long (XLF) but don't get caught in the opening frenzy...wait for it to settle from those rushing in with market orders at the open. You win some and you lose some........

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