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Vertex Pharmaceuticals Incorporated Message Board

  • johnf50@rocketmail.com johnf50 Oct 8, 2012 12:11 PM Flag

    Your investment horizon...

    My opinion... the $58 dollar resistance / support level has been tested... here is the low. For every seller is a buyer, and the only seller's are the, "I am going to short Cramer" crowd or the "I am naive and bought AH on Friday".

    In spite of that there is 77,000 open sell orders at $58.38, 77,000 open sell orders at $58.68, and 44,000 open sell orders at $58.76... or a gain of 1/4%, 1/2%, and 3/4% roughly from these prices. When I was day trading... those were the percentage targets I used... because it is far easier to simply "skim the cream".

    For every seller there is a buyer... and the 'buyer' is gobbling up shares and already has orders in place to sell at the percentage gains outlined above.

    So if you sold today... you are getting fleeced. This will likely test $60.50 by Thursday.

    Your investment horizon ought to be longer than one day... and as a matter of principle, Cramer tells you to tier into a position... i.e. buy 100 shares friday, buy 100 shares today, buy 100 shares tomorrow.

    Sentiment: Strong Buy

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