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Mon: Buys INTC RMBS PSFT MRK DROOY IBC EMRG Sells QQQ OIH

 
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arthur
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PostPosted: Fri Sep 17, 2004 5:11 pm    Post subject: Mon: Buys INTC RMBS PSFT MRK DROOY IBC EMRG Sells QQQ OIH Reply with quote

Mon: Top Buys INTC RMBS PSFT MRK DROOY SMXMF IBC EMRG AMCC Top Sells QQQ OIH

INTC is still severely undervalued compared to QQQ. Perhaps, INTC long-term calls and QQQ short-term puts will eventually make gains on both. RMBS may rally to over 20 on a lawsuit settlement. PSFT may rally to over 21. MRK closed below 45 and may rally above 50 within several months. DROOY at 1.68 and SMXMF at 0.72 may be excellent price targets for these gold stocks. IBC closed at 3.31. If it can prevent bankruptcy until Sep 26th, then it may rally several points. EMRG may be a buy below 1.10. AMCC may be a buy near 3. It's uncertain if OIH (oil index) is breaking out or near the top of a trading range. However, if OIH stays high, then the general market may fall.
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