I mentioned after close Friday the market was sending a positive signal. I went against my own though and bet on the trend of down Mondays to continue. Oops. See how it holds up. When I get something wrong I'm sure to do it well.
On paper. Long ACAD $24.16. Looking like a sideways channel 23.18 - 25.88. Bio's clearly are still out of favor.
ER after the close today: ($V $SONC $RMBS $CLGX $ZION $SWFT $AVB $ADC $HMST $EFII $CDNS $ACC $CMRE $OPGN $SPN $CR $RE $VASC $AGNC)
Thanks Gil. Thinking it goes for that double bottom. No real reason for this selloff unless they're expecting bad data or very poor #'s from sales. Motley Fool's article targeted them as a possible buyout candidate. But, the continuous selling seems to be keeping anything serious out. Insiders are getting their free shares though so if this does get something good it could move very quickly. But I wouldn't just get in without seeing bottom confirm itself for the reversal. Still have this as one of my long picks for the week.
ER in the pre-market tomorrow morning: ($UA $S $GM $FCX $JBLU $AKS $CAT $LMT $PG $MMM $VLO $MRK $LLY $CNC $GLW $UTX $SHW $KKR $SAVE $WHR $NVS)
Visa running into resistance today. The monthly chart makes me nervous. Situations like this they can beat and raise, but the stock still dips just to cool off. Then they find something in the report to blame, like margins or something.
