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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Paul Shread who wrote (36167)5/15/2002 11:44:46 AM
From: dennis michael patterson  Read Replies (1) | Respond to of 52237
 
Good point Paul. But where will we get fuel for a rally? And if the pros "sell in May and go away", then the market should work lower. There is just no one buying. I suspect the last 2 days have been distribution days. I really want to commit some funds to ST bonds here.



To: Paul Shread who wrote (36167)5/15/2002 11:45:31 AM
From: Ron  Respond to of 52237
 
*DJ FDA Starts Probe Into Schering-Plough In Puerto Rico-CNBC

15 May 11:30




(MORE) DOW JONES NEWS 05-15-02
11:30 AM

------------------------------------------------------------------------

*DJ FDA Probing 1 Or More Schering-Plough Pdts - CNBC >SGP

15 May 11:31




(MORE) DOW JONES NEWS 05-15-02
11:31 AM

------------------------------------------------------------------------

*DJ Schering-Plough Says Probe In Preliminary Stage -CNBC >SGP

15 May 11:31




(MORE) DOW JONES NEWS 05-15-02
11:31 AM

------------------------------------------------------------------------

DJ Schering-Plough/FDA Probe -2: Shares Down 6% -

15 May 11:38

NEW YORK (Dow Jones)--The Food and Drug Administration has started a criminal
investigation in Puerto Rico into one or more Schering-Plough Corp.products (SGP), CNBC
reported Wednesday.

Schering-Plough told the network that the investigation is in the preliminary
stage but declined further comment.

Schering-Plough shares are falling on the news, down $1.74, or 6.1%, to
$26.75.



To: Paul Shread who wrote (36167)5/16/2002 7:18:52 PM
From: isopatch  Read Replies (1) | Respond to of 52237
 
Paul. That's a very important point.

Am far from a raging bull, considering I'm sitting on 45-50% cash at this point.

OTOH, have to grant that from a contrarian standpoint, the bulls have a case. Swing to bearish comments on a lot of web threads - as soon as the markets have a day or two of correction - is impressive and hard to ignore.

Plan to continue selectively adding to positions on dips.

Isopatch