Posted by: timetraveller May 7, 2007
Making Money with Eminitrader
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Hey Bri, think of it this way. Digital storage is much more efficient that traditional forms of storage. We've come a long way from casette taps. Here's a passage from Reuters: ". EMC Centera CAS systems provide online access to archived fixed content, data that cannot be modified or will not change over time, such as digital x-ray images, movies, check images, medical records, email correspondence and other similar types of digital objects. Centera systems help customers worldwide comply with complex governance and regulatory requirements for digital record retention, archiving and access. " On top of that, it has been making acquisitions after aquisitions- expanding its consumer base and its line of business. And since early this decade, look how far this stock has come down. It's trading at multi- year highs. So I say, above 16.00, this is a buy and hold. As far as ALKS, any biotech that actually makes some money raises my eyebrow. "The Company has two commercial products. RISPERDAL CONSTA (risperidone), long-acting injection, is a long-acting atypical antipsychotic medication for use in schizophrenia and is marketed worldwide by Janssen-Cilag (Janssen), a subsidiary of Johnson & Johnson." also "VIVITROL, the first and only once-monthly injectable medication for alcohol dependence, is indicated for the treatment of alcohol dependence in patients who are able to abstain from drinking in an outpatient setting and are not actively drinking prior to treatment initiation. " It is also involved in diabetes research. Biotechs are hype, jump in on the hype. Like I said, follow where the market goes. Being a contrarian helps in times of extreme exhuberance but why miss the boat? This is a risky company, but I think above 17.00, this should be a buy till say 20.00. But then again, one will have to use their judgement. I'm not even lookin at it below 17.00. And as far as cricket is concerned, I just had a small team with my friends, thats all. We were too young to go out and have an all out cricket team- considring we wrote SLC during the emergency phase lots of tensions. But I'm sad to hear about your dismissal yesterday- happens sometimes. I was primarily a bowler- more like an allrounder too. And to add to my luck, I somehow discovered how to swing the ball and all of a sudden I was all hot. But couldnt play for long. Anyways, good luck trading/ investing everyone. The picture: Good wholesome uptrend across all the major indices- the DOW, the NASDAQ and the S&P 500. Canadians (TSX) are up too. The volume on all are solid and I am officially bullish for the moment.
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