Thursday, October 27, 2005

Thursday's After Market

Another big distribution day for the market. The market is very bearish right now. I would advise to get out of margin right now. No improvement is insight. The distribution volume is getting worse on a daily basis. Many well-known stocks are down big today, (DRIV, BIDU, KCI, FOXH, etc). But there are a few exceptions, up big today with volume are: MRGE, ESRX. I picked up some Dec 20 call options for MRGE around noon today. This one looks quite bullish at the moment. My favorite ISRG is only down about $2, it was up $18 yesterday. It still looks very bullish to me. I personally think ISRG is the Medtronic in the making. The demand for their robots are phenomenal. ISRG and MRGE are the two gems from the bad market today.

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