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IDS World Markets Thurs 16th December 04


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machinehead I doubt it. If need be these will all be bought feverishly off a 60 minute bottom as 'must own' celebrity toilet paper being sold as gifts by Santa into the final leg up.

 

There are these things called multi-day pullbacks-- not just intraday dips-- that used to occur a long time ago, and who knows? They might come back again. There's always a chance. That is what Machine Head is talking about.

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Mrk up four straight trading days. May sell into strength at close. OR open tommorrow. Rotation all over the place. How soon before Pharmas get dumped for some other whore play? Comments anyone? best,buddha

 

 

I know this hasn't happened in a long time, but, take my word for it,

when there is a pullback of a few days or even a week or more, fundies buy up "defensive plays" like drugs. However, these defensive plays do not tend to go up during the pullback. They just go down less than the other stocks do. So the best thing would be to stay in cash, if a a longer pullback occurs. But with some

people, cash burns a hole in their pocket, so they buy defensive plays.

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