MG, Re: Scrambled Eggs
It's always tough to determine whether a stock is in a trading range or that $91 ceiling represents something worse, isn't it? I would have preferred if LLY had honored the $83 1/2 floor (which now becomes resistance). However, as long as it stays above $81 3/4, I'll play.
As far as GLM vs. VRC, I'm not making a position trade based upon fundamentals, but a trading position trying to grab 5-10%. I've watched GLM over a longer period of time; however, I may switch over to playing VRC instead. We'll see.
On the internut play, the core position is underwater at an entry price of $11 1/2, but I've scalped a few times for pizza and tip. I'm looking forward to the IPO announcement on this one. In the meantime, I agree that the daily chart looks very healthy. Clearly, the hope is that the internut IPO announcement comes out shortly while the Mr. Market is still healthy.
Picked up 500 more ALL at $37 11/16. Just looking for 4% on this one.
Berney
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