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Life Technologies Corporation Message Board

  • officerkrumpke officerkrumpke Nov 9, 2009 2:55 PM Flag

    magical $50

    a couple of poster saying short at $50. why?

    we've had a series of higher highs over last few months to where we are today. we already posted a higher high and higher close than previous peak 12/10/07. if it collapses here, then maybe a dble top is vuable but its already gone thru the last high. imo, $50 is an emotional anchor price, that has no special meaning other than its a nice round #, half of $100.
    i dont see a fundamental or technical reason to be short. fyi, we are about to get a flood of new money (this is primarily owned by the hedge funds)coming into name. funds want h.c. exposure. where is h.c do you have clarity w/obamacare: mco's, hospitals, pbms, devices???

    buy the stk, relax. $60 is coming

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