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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (3863)	8/3/2007 3:04:28 PM
From: Mike McFarland	Respond to of 20435

Seems to me we are going to be in one of those markets where daytraders have a better shot than those of us who might hold things for, say, months. I only watch a little microcap biotech, so I see the nice bounce in CRGN today. But I'm not sure I would want to hold it for long. I've briefly owned another microcap biotech, Curis, CRIS--it is down 10% over the past couple days. When will it bounce, who the hell can tell--and would I buy it today to hold, no way. Stuff I bought a couple weeks literally imploded overnight --that suggests I have no skill or choose bad bets, another reason to sit out of the contest. No, the game right now is rigged for trigger fingers playing the daily volatility. And I'm stopped out for the year anyway so it would be disingenuous to pimp ideas when I'm not willing to hold anything for real.