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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (63461)	5/5/2005 10:39:57 AM
From: Slagle	Read Replies (2) \| Respond to of 74559

Shades, Phil did have GM listed as a buy but I am not sure it ever hit his target price before the gap. But it had been climbing for several days so it may have, I'm just not sure. I know his BUD and some others were phony. Before longs got so dangerous a few weeks ago he posted his buys in a list he called his "Butch Group" but that list just disappeared, maybe because he had losses in all of them. He still groups his shorts in a list he calls his "Reversals" but in those he has a gain. But he may be able to fairly claim GM, I'm just not sure. The best move I've made for a while was to buy a big gob of MRK at the low and at the same time I bought BMY. Big pharma has done well even in the worst lately and I bought a little GSK this morning. I bought XLF a few days ago and a little more yesterday. Bought some STI this morning, just a nibble. Yesterday I covered all shorts. I'm not planning on holding any of this for long, even the MRK; I bet the next big sell-off will get the drugs. The brokers are up this morning; Cramer says "buy em". <G> Insurance stocks MET,PRU,CB ect. look good. Don't know about anything tech, IBM or otherwise. It would be nice to have a two week rally. What do you think? Slagle