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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: octavian who wrote (42694)3/1/2009 9:13:46 PM
From: Skeeter Bug  Read Replies (2) of 42834
 
octavian, i think merck is trading at 6 times earnings with a 6%+ yield. i think people are betting obama kills it.

i got out of SRS b/c there i made about 40-45% in about 7-10 trading days. i was in at $57 and out at $81. it has a lot of friction so it sucks in a flat market.

having said that, the commercial market will eventually crash and it will skyrocket - perhaps above $200 or more.

i hope we get a rally and i can get back in the low $60s or so.

i do want to be in this when the herd realizes commercial is nuked.
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