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Wed: Buys AMGN Sells QQQQ OIH TLT GOOG

 
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arthur
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PostPosted: Tue Jun 21, 2005 1:10 pm    Post subject: Wed: Buys AMGN Sells QQQQ OIH TLT GOOG Reply with quote
Wed: Top Buys AMGN Top Sells QQQQ OIH TLT GOOG

Perhaps, QQQQ puts will hedge AMGN calls (QQQQ created a bearish doji today, and AMGN created a bullish engulfing yesterday). If oil falls to the low $50s a barrel in Jul, OIH should fall to 95. TLT puts may be a buy at 96. GOOG created a bearish doji star today, although there's still an open gap at 293. I believe, the stock market is in a topping process, and there aren't many stocks to buy at this point.
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