Trading Journal - June

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nice trade on msft - i missed a fill on that at 51.50 - oh well - didn't want to chase (i guess i should have!)
 
Assuming the market holds it's current ground going into the Fed meeting this afternoon, I still anticipate a rally after Greenspan speaks. However, if the market rallys some before the speech there may be no rally and possibly another sell off.
 
IMO-

QCOM - BUY

Reasoning: after a double bottom bounce QCOM is ready to rally....expect a pullback to test support areas

Stop: $24.50
Target: $33.75


BVF - Short

Stop: $31.45 (Friday's high)
Target: $17.25

Reasoning The rally back to the downtrend line was stopped by resistance and today broke the Spring 2001 low.
 
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