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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?


To: Alski who wrote (1416)7/30/1998 10:37:00 PM
From: Thean  Read Replies (1) | Respond to of 14427
 
Alski, are you sure that is the way 401k money works? If it works so easily then we should have a spike at the end of each month. Have you any examples (especially big name big cap stocks as of late) to illustrate. It just seems too simple and easy here.

I am watching INHL for a short tomorrow. There is a road show coming up this weekend in San Deigo where INHL's founder (a former professor) will make a presentation. I attended his presentation three years ago at work when he tried to licence the inhaled technology to us but all I can say is he is not too much of a show drawer and he sticks more or less to the science and less of the $$ salesmanship. We know there is nothing new about INHL's progress (like in any new partnership) that we don't already know. Therefore, I think people will be disappointed after this scientist made presentation with emphasis on the science but no new business development type of news. INHL closed on a high note today toward $30 which is very near the resistence. $30 - $30 1/4 is key near term resistence. Today's volume was very suspect as well. I shorted INHL last Monday but due to my own order entry error I sold it too soon (really mean it because I forgot to click stop in my order so it was sold at market!). Anyway, I am thinking of shorting it again at around $30 but would place a stop loss right away at $30 3/8 in case this thing decides to act irrational.

Drillers - I want to see how much follow through there is to today's rally. Being Friday and everything the likely scenario is an intraday high in the morning and then fade all the way to close.

I hope the semi's are taking a rest very soon or else I will lose my put pretty soon. Will watch RMBS from now on.