Thursday, January 17, 2008
Finally...and FLML update
FLML and the biotechs have held up great. I have not posted in awhile b/c not much has changed until today. FLML has held above the entry at 9.5...I continue to hold. The VIX is fianlly spiking and is outside its bolinger band. I am taking a position in NYX @72. I think this could go down to 70 or a few bucks lower but that is it. If you pull up a weekly ema50 for NYX you will se that it has always bounced off of this. Currently this is around 70 so that is a good entry in my opinion. Will it get down there....I don't know, that is why my initial buy would be now. Hopefully someone will read this blog
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