GOOG I-Watch

10/26/2005

Oct. 26 - Stuck in neutral

Still waiting for a decision from this market. Interesting thoughts from a technical trader. Some are denying it but inflation is a problem.

Brief action in SIMG and SNTO for a few scalps, while bird flu plays continue to be volatile. Covered FLEX 10.50-9, shorted LIFC 16.25- thought the trade turned bad when it reversed to 17. However, a weak close and a macabre warning from the FDA could knock it down some more.

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