NOVEMBER 21, 2008 (Dow 8046, up 494) - Would lighten up next week if the rally continues. Stocks will continue to be sold simply because as an asset class they are easiest to sell to meet obligations, like redemptions. Would not short the coals down here.
the cheap dollar may spur more takeovers of US drug cos - generic drug maker (150 generic products but only 27 branded ones) could fit the bill after the Teva (TEVA) takeout of Barr Labs (BRL) - co has 60 new drug applications pending at the FDA (potential sales of $2B) - CEO retiring could trigger a takeover
29.30
0.00%
07/22/08
next day close
29.90
+2.05%
09/04/08
will probably be ok - is a bad house in a good neighborhood
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