Saturday, April 16, 2005

Gap Down?

I hope the market gaps down big Monday morning and makes a come back by the end of the day. This will shake out the remaining weak investors. If the market gaps down big, I'll probably pick up some SPY for a quick trade. But I'm not initiating any new long term positions until things settle down a bit.

It's nice to see how well the pharmas and biotechs are holding up in this correction. The following companies in my portfolio are reporting next week: JNJ, PFE and GENZ. I'm expecting in line numbers for PFE and upside surprises for both JNJ and GENZ. We'll see...


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