I’m staying with the biotech/healthcare theme, so I bought [[TMO]] Thermo Fisher Scientific Inc. , @ $60.22 (15:59 ET).
Big base breakout, bullish sector, reward to risk, 2:1.
This company is the “one stop shop” for scientists, researchers and healthcare pros to order—-whatever it is they order—-from one source.
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[[ELN]] Elan Corporation, plc (ADR) , $9.93, an adventure in bio-fuckery, is testing my resolve, as I’ve reduced my basis down to $10.33 on this bad boy with more indiscriminate buying. I’ve also ordered a dead cat bounce (sorry PETA people) on this stock for next week. We’lI see if my order gets filled along with some kind of a profit.
The price objective on the chart is showing that this stock is going to zero. Funny.
Make it a great weekend.
Disclaimer: Do your homework and be diligent to know the reason why you’re buying a stock. Trade and risk your money knowing that you could someday end up homeless, sans a bullshit Scottrade account.
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