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Tue Buys SMH INTC AMGN XOMA Sells SPX OEX QQQQ TLT FDX QCOM

 
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arthur
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PostPosted: Mon Dec 13, 2004 6:17 pm    Post subject: Tue Buys SMH INTC AMGN XOMA Sells SPX OEX QQQQ TLT FDX QCOM Reply with quote

Tue: Top Buys SMH INTC AMGN XOMA Top Sells SPX OEX QQQQ TLT FDX QCOM

QQQQ is high relative to SMH, because BBH and HHH are high. So, AMGN calls may be a buy, in case QQQQ stays high and SMH falls (i.e. to hedge). AMGN may rally to 70 in Jan. XOMA has the potential to rally big. The market may pullback. So, SPX and OEX puts may be buys. Bond yields are too low. So, TLT puts may be a buy. FDX may fall on earnings (perhaps, a 2:1 split is priced-in). QCOM puts at over 44 may be a buy.
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