Thursday, May 11, 2006

Goodbye Gilead (GILD)

I sold my position in Gilead Sciences (GILD) today. I will be increasing my cash position. I didn't like any of the action at all today. I am also looking to sell my positions in Broadcom (BRCM) on any bounce and Titanium Metals (TIE) on any further strength. Check out Trader Mike's charts for analysis on the S&P.

As far as my watch list, PTRY broke down technically today. NIHD still looks like a decent long on one more day of down action.


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