I posted a chart of the Ishares Biotech Index about a week ago. This morning Roche has made a bid for the rest of Genentech. Watch for a strong move in the group going forward. At first glance it looks like a low ball bid, so a higher prices are probably in store for this one. Regardless, the stock and the group are now in play.
BAC and AAPL report eps today.
Monday, July 21, 2008
DNA
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About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
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