Bookkeeping: Adding to Illumina (ILMN) on Breakout

Submitted By Trader Mark
I am going to make a purchase here in weight: bold;">Illumina (ILMN) utilizing a style preferred for bull markets ... but I guess at this point we can call this a bull market since corrections are hours at most. Plus the fact I sold a lot of long exposure earlier today... I want to have some other names to make up for it.

Illumina is having a great day in a down tape... I don't see any news but it seems hot money has rotated into healthcare today after abandoning commodities. Maybe that changes in 2 days since hot money has no memory from day to day on what thesis it wants to buy.

Technically Illumina has a breakout over $39... For a momentum trader this is what they chase... and since momentum is what works nowadays I'll give it a spin and see if it works. I'd rather do this purchase at 3:55 PM to make sure the close is over $39 rather than intraday but being cautious has been for geezers for 3 months now. So I'll increase the position size from 1.2% to 2.0% here in the $39.30s and them monitor it from there. Buying breakouts has been a losers gambit for most of the past year, but the past 2 months its been the way to go... I've been slow to adjust back to the old ways of doing things.

I don't see any news to drive Illumina, but it's been strong the past 2 days and I said if it broke $39 I'd play.

Illumina is a leading developer, manufacturer, and marketer of next-generation life science tools and integrated systems for the large scale analysis of genetic variation and biological function. We provide a comprehensive line of proprietary products and services that currently serve the sequencing, genotyping, and gene expression markets, and we expect to enter the market for molecular diagnostics. Our customers include leading genomic research centers, academic institutions, agriculture and livestock companies, pharmaceutical companies, clinical research organizations and biotechnology companies

[Apr 21, 2009: Illumina - Solid Growth; as Always Difficult P&L]
[Feb 4, 2009: Illumina Continues to Execute]
[Oct 22, 2008: Restarting Illumina on Earnings Confusion]
[Jul 22, 2008: Healthcare Companies that Start with Letter "I" Outperform]
[Apr 23, 2008: Two Healthcare Stocks Report]
[Feb 4, 2008: Illumina Keeps Performing]
[Dec 20, 2007: Nice Writeup on Illumina]

Long Illumina in fund; no personal position

Did you like this article?

Login or register to post comments
Email this page
Reset vote
0 points

Guess was established in the

Submitted by erye on Thu, 03/11/2010 - 8:41pm.

Guess was established in the early '80's and mbt tunisha has since become one of global lifestyle brands. Today,guess handbags outlet, markets and distributes full collection of women,mbt lami birch men and children's apparel, as well as guess handbags outlet and accessories. Many women consider this Designer handbags outlet, Guess purses and Guess bags as among the "must have" items in their wardrobe.nike air max 95 At present,nike air max handbags are not just fashion statements anymore.nike air max 360 Bags must be large,2009 air max sturdy and functional to support the needs of the modern woman.mbt lami birch It is not unusual for women to more than one bag. air max 2003 A vital necessity for one bag is not adequate to carry everything she needs.nike air max 2010 Guess handbags are trendy that complements every fashion-conscious woman's lifestyle.nike air max 95 Most retail stores sell Guess purses between nike air max 90, making this an affordable nike airmax 95.

Shop online for authentic

Submitted by ugg mbt on Sun, 02/21/2010 - 10:23am.

Shop online for authentic luxury Porsche Design Watches,wholesale Burberry Handbags,wholesale rolex watches,Accessories including PTC 911,wholesale Nike Shox Shoes,mbt shoes,wholesale Dolce Gabbana Handbags,wholesale Louis Vuitton Handbags,Flat Six,wholesale ed hardy,wholesale rolex watches,Indicator at our website,porsche design watches,wholesale jordan shoes,nike air max 2009,The biggest brand discount website!

If you are looking for the

Submitted by Ecboots on Thu, 02/18/2010 - 9:33pm.

If you are looking for the top boots such as timberland boots sale,christian louboutin shoes, uggs on sale,puma shoes ,high quality, Quick shipment,Lowest price and Good service. Many people care their health.To have a good MBT shoes, will help reduce the anxious.when you see mbt shoes sale, you can find timberland boots sale, christian louboutin sale and puma shoes sale, no matter which you like, there are some other styles, like timberland 6 inch boots, ugg bailey button,ugg argyle knit boots,timberland boots mens,timberland roll top boots, mbt lami shoes.these shoes make you so fashion in cold winter. Also,you can take a look the designer handbags,such as gucci handbags,chanel handbags, Louis Vuitton Handbags and so on.

puma shoes |puma speed

Submitted by xuxiangfei on Wed, 02/03/2010 - 10:16pm.

Your guide to Discount

Submitted by erye on Mon, 02/01/2010 - 12:15am.

Your guide to Discount Designer Sunglasses Online including exclusive deals on Chanel Sunglasses, We are the direct manufacturer of classic chanel sunglasses provides you with wholesale,Gucci Sunglasses offer a large selection of wholesale replica sunglasses and wholesale Prada Sunglass,include ray ban sunglasses,Freepost Returns on all Sunglasses sale is a great source for sunglasses on Discount sunglasses sale.

We supply nfl jerseys,cheap

Submitted by cheap nfl jerseys on Thu, 01/28/2010 - 12:03pm.

We supply nfl jerseys,cheap nfl jerseys,wholesale nfl jerseys,nfl youth jerseys wholesale,bears jerseys.All kinds of jerseys are on sale jersey shirts,Buy wholesale nfl jerseys, baseball jersey products limited edition. free shipping and accept credit card online authentic jersey.

Christian Louboutin Sale

Submitted by fan on Thu, 01/28/2010 - 3:00am.

Christian Louboutin Sale

As the climate is colder and colder, many more warm boots fight against cold. Christian Louboutin Boots avariable in worldwide, have become femininity, hight quality and nice design for women. So Christian Louboutin boots are very popular. Getting a pair of Christian Louboutin that is dream of every girl.
Christian Louboutin Shoes have peep toe, signature red leather sole will help you show your taste. They are sexy, gorgeous and fun. The designers ' national spirit, is " make shoes that are like jewels" and each unique design demonstrates an unparalleled degree of quality and a born sultriness. Christian Louboutin Shoes desined with leather lining,round toe, concealed platform,hidden heel and signature red sole,which will bring much confidence and comfort and make you more beautiful.
However, if you purchase online, you will find a couple of Christian Louboutin begins at a fraction of the price of the originally price, you should be aware that buy Christian Louboutin online can save your money. One began the discount Christian Louboutin and is payment have been offered in goodugg.net store.
Look at the Christian Louboutin! What a slender and graceful line! Ladies are crazy about it. If you are engaged in the vogue or you want keep the same pace with the trend. Christian Louboutin Sale could be your best choice.