nice trade on msft - i missed a fill on that at 51.50 - oh well - didn't want to chase (i guess i should have!)
Assuming the market holds it's current ground going into the Fed meeting this afternoon, I still anticipate a rally after Greenspan speaks. However, if the market rallys some before the speech there may be no rally and possibly another sell off.
IMO- QCOM - BUY Reasoning: after a double bottom bounce QCOM is ready to rally....expect a pullback to test support areas Stop: $24.50 Target: $33.75 BVF - Short Stop: $31.45 (Friday's high) Target: $17.25 Reasoning The rally back to the downtrend line was stopped by resistance and today broke the Spring 2001 low.