Friday, February 8, 2008

Meditation 1

Things look exciting today, especially for the pharmaceutical sector:

MRK - gone down 1.17 to 44.53, I'm going to wait and look out for bullish reversal patterns.
GSK - gone down 0.23 to 42.16, same as MRK

I think between the two companies, GSK seems to be a better bet, I'll wait and see depending on the situation the following days give.

VDSI looks exciting too - having gone down immensely recently, it just went up 0.08 today to 16.98. I see a bullish reversal happening.

However, I'll be playing the pre-earnings game on VDSI, depending on the situation nearing 2/20. If it hits around 17.5, I'll buy the March call, then sell it the day after regardless of loss or profit. If it's a loss, then I'll buy June calls the next day at a low price. I'm pretty confident VDSI can do well in the long run.

Things look exciting, despite an upcoming downturn, I'm looking forward to things.

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