CELG... new all time high breakout.
Started by
ogm
, Sep 06 2007 10:44 AM
4 replies to this topic
#1
Posted 06 September 2007 - 10:44 AM
#2
Posted 06 September 2007 - 11:07 AM
I agree with you.
As I mentioned before on another thread, I think mid-cap biotech is THE sector to be in.
I already had some Oct XBI calls. Added some IBB Sep calls. The sector is overbought by most measures-yet I think it can continue to move higher. QQQQ corrected from 50.00 to 48.80 the last few sessions but biotech did not drop. Very noticeable relative strength versus the Qs.
#3
Posted 06 September 2007 - 11:10 AM
Posted this a few weeks ago....I'm long since 161....get through top of wedge and the 200 and this could really motor..
http://siliconinvest...?msgid=23823177
http://stockcharts.c...0027&r=6783.png
http://siliconinvest...?msgid=23823177
http://stockcharts.c...0027&r=6783.png
#4
Posted 06 September 2007 - 11:16 AM
Biotech is good sector to buy in uncertain environment. If you don't know what to buy.. buy biotech
#5
Posted 06 September 2007 - 11:26 AM
CELG was included in this post about rising trenders in April 2006...interesting which ones have continued their uptrend
http://forums.techni...post?id=1041827
this weekly chart of CELG in Aug 2006 identified CELG as a good pick -
http://www.thestreet...y...E&cm_ite=NA
http://forums.techni...post?id=1041827
this weekly chart of CELG in Aug 2006 identified CELG as a good pick -
http://www.thestreet...y...E&cm_ite=NA
Edited by hiker, 06 September 2007 - 11:28 AM.