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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Tuesday, May 13, 2008

Post #2 today: AMGN update

Market just posted some news on Dykstra's AMGN pick and it appears all that cash they are hoarding just got a rating haircut from Moody's:

MarketWatch News on AMGN
1:24 PM todayNew
Moody's cuts Amgen rating to 'A3/Prime-2' from 'A2/Prime-1' - MarketWatch
4 minutes ago
Moody's cuts Amgen rating to 'A3/Prime-2' from 'A2/Prime-1' - MarketWatch

So far the stock has not reacted that negatively, and is hanging on to the bottom of the channel line. The converging bold blue lines indicate an incomplete Bullish pattern which could propel the stock to the recent highs. I would imagine Dykstra's buy point on this will be met so we can watch how he does.....


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