Friday, July 15, 2005

Another Genzyme Post!?

Yes... another Genzyme post! Genzyme continued to advance on massive volume and closed at a historic high. I happened to catch Jim Cramer's Mad Money and someone asked about Genzyme in the Lightning Round. He rang the register bell (take profits). It's tempting to sell and lock in your gains... Stocks that break out like Genzyme usually trend higher since there's no resistance. You just have to hang on for the ride.

Next week, the big pharmas will be reporting. Amgen / J&J will report on Tuesday and Pfizer on Wednesday. I'll be keeping a very close eye on those earning reports. I'm not too worried about Amgen or J&J, but I'm a bit concerned about Pfizer.


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