Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Biotech & Pharma.T.A, -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (2847)	5/20/2010 11:25:15 AM
From: Jibacoa	Read Replies (2) \| Respond to of 3722

O.T. The general market continues its near term DT. <g> The spotligtht remains on the fiscal problems in Europe. The euro making another 4 Yrs. low vs. the dollar. Germany announced that it will ban naked short selling. The Oil price continues to drop. It is now at $67 Yesterday the market rallied some from the Ls. But fear and uncertainty are dragging it through the support levels. The DOW seems headed to test the important support at 10,000 The S&P500 went through the 1,100 and is ready to test the 10,020-10,030 The NAZ opened with a DG and seems ready to test the 2,200 Most of my remaining stop losses were triggered ealier tis week. It seems that the markets will need to form a base around support levels before trying to rally. It is unlikely to expect a V type bottom as the market seems to pay no attention to any better than expected earnings and fear and uncertainty continue to prevail. It is always better to be safe than sorry and to remember Warren's number one rule;"Don't loose any money".<g> And as Jesse said:"The best time to buy stocks is on the way up." Those are some advises that let one to sleep better. Especially at my age.<G> Bernard