Just my stray thoughts for the Day:
Tivo may get a bounce off the news with Apple and Sony connectivity but they do not actually have an agreement with these companies or, more importantly, with the content providers so sparks may fly. While I think apple may not care much (or may actually love it), I think Sony and other content providers who are counting on selling these programs to portable users will have a tantrum that may end up in court.
IMAX should get a nice pop today but the $9.75 200 dma will be a tough barrier. The company is certainly no bargain but has consistantly channeled between $8 and $11 so the smart money is on it heading back to 11.
GSK is down 5% in Europe today after dropping 4% here on Friday on new warning requirements on their #1 drug but that doesn’t seem to merit this kind of drop. Maybe people know something. I always worry about drug companies with 53 p/e’s!
Gold is going to hit $500 and make a lot of news. See last week’s Goldplay article. Barron’s finally got around to reading my posts: http://online.barrons.com/article/SB113235754691601940.html?mod=9_0030_b_this_weeks_magazine_main
I’m a little leary about BIIB’s current price. Like the stock or not it is down 40% for the year and may succumb to tax-loss selling before the end of the year. Logic is, you were down 50%, got 10% back so you sell, take the loss against other gains and then buy it back in January. The same could be said for Elan but it’s not as widely held and is still off 70% for the year.
BA is looking really good with a lot of orders coming in from the air show. Expect them to go to $70 (new high) before pulling back today. When a big company goes up 5% in one day people tend to get out for purely technical reasons.
HAL is looking very good at this price. If it breaks through $62 today I’m in.
Google is looking like my put will be working today but this stocks scares me~
GM is going to have a press conference, I hope they say lots of nice stuff so people buy it again so I can short it again for when people get around to actually looking at the company instead of listening to the executives saying “don’t panic.”
I am very pleased with my call on FRK.
YELL is about to make a big move – confirmed with FDX strength.
