Falling Down

  • October 16, 2001
  • Duke Heberlein

Different people can trade the same information in very different ways. Some
like to follow the trend, while others may look for contra-trend plays.

 

09:44:12

Big Movers Out of the Gate

Gainers: OSI Systems (OSIS)
up 1.61 and Millennium Pharmaceuticals (MLNM)
up 1.01.

Losers: Intersil Holdings (ISIL)
down 3.84, Novellus (NVLS)
down 1.64, and Biogen (BGEN)
down 1.00.

 

Millennium Pharmaceuticals
(
MLNM |
Quote |
Chart |
News |
PowerRating) was one of the big movers out
of the gate this morning, and many traders who follow movers at the open will
look for continuation off these issues. Others, however, will look to fade the
opening move, particularly if a gap occurs.

 

 

There is nothing right or wrong with either approach. Just do
what fits the market dynamics and your trading style.

Until tomorrow,

Duke