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


To: Carolyn who wrote (7733)4/13/2005 9:17:17 AM
From: Walkingshadow  Read Replies (1) | Respond to of 8752
 
One of the few positive notes I see is the fact that light sweet crude is testing important chart support at $52, and that support looks like it is in serious trouble:

futuresource.com

If so, that would confirm the double-top, and indicate that a significant correction in oil may be starting. Personally, I find that hard to understand, given supply/demand considerations, but I suspect this may prompt OPEC to try to stabilize prices at these levels.

Although OPEC once virtually dictated world oil prices, in recent years OPEC has shown less and less ability to influence prices. They simply don't have the power they once had.

T



To: Carolyn who wrote (7733)4/13/2005 9:27:07 AM
From: Jane4IceCream  Read Replies (1) | Respond to of 8752
 
Carolyn....get ready for the 7777

I am leaving it for you!

Jane



To: Carolyn who wrote (7733)4/13/2005 9:33:32 AM
From: Walkingshadow  Read Replies (1) | Respond to of 8752
 
I think we will hear much more about this in the coming months:

Alnylam Pharma (ALNY) and Benitec announce a licensing agreement covering fundamental intellectual property in the field of RNA interference...

139.142.147.218

I sold ALNY Friday, but I'll be looking to buy back in on a pullback to support. I've been in and out of ALNY multiple times successfully, but probably I should quit fooling around and keep a long-term position in the stock. Otherwise, this one may get away from me like AAPL did last year.

T