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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (5153)2/21/2005 10:31:04 AM
From: Walkingshadow  Respond to of 8752
 
Good morning Reid,

I realized after I posted that you and I are really talking about different time frames. You are looking mostly at the next week or a bit longer, while I am trying to size things up going towards the anticipated trend reversal, which is probably a time period more like several weeks or possibly longer.

I'd say your support levels outlined are good ones in the very near future. But as you say, the probably won't hold.

Things may change over the course of the next several days, but as of now I think a break to the upside out of that narrowing trading range is unlikely.

It will be interesting to see how it plays out, as always.

T



To: Vendit™ who wrote (5153)2/21/2005 11:30:29 AM
From: Jill  Read Replies (3) | Respond to of 8752
 
Reid, any chance we can add PFE and MRK?
PFE got the best vote from the FDA re: celebrex. The drugs will likely come back on the market with risks openly admitted. The market will be much lower for vioxx, but probably a bit better for celebrex.

Any ta on PFE?
Also QCOM--how low might it go? I'm tempted to bottom fish.

Hope your President's Day is peaceful, we're inundated with snow up here.


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