Wednesday, July 20, 2005

Well we always have Biotech

Seems Yahoo and Intel have put a kabosh on the "buy and collect free money market". At least in that sector, but who knows. The key today is to watch the open and the action on INTC and YAHOO. Do they bounce or do they stay down. I think GOOG will be the interesting one. It was down 10 in after hours, I know cause I bought from 302 down to 298 as my hair turned gray! Will it shake off Yahoo and will people buy it thinking they are taking things away from Yahoo? We won't know the real answer to that till after tomorrow's close when they report. But this should be some interesting trading.
Bios will be where the action is being AMGN is up huge. That group has been on hold for the last couple of days after a huge run up. Thus they might take over leadership.

0 comments: