EDGE TRADER

Thursday, September 29, 2005

Radar

On the radar this morning are CELG, ENC, AMAT, and GLBL. As energy stocks continue to ladder up I am interested in trading - like swimming, it is always easiest if you are swimming with the current rather than against it (hence ENC and GLBL). CELG should get FDA approval next week some time for its new cancer drug which should be the catalyst to move it out of its current situation. But there was a downside breakout yesterday on low volume, so I'll need to be cautious. AMAT is on the radar because it has gotten ridiculously cheap. Sorry, semis aren't that bad and this business throws off cash like crazy.

2 Comments:

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