Buying Amgn

BUY AMGN
I bought Amgn Mar 65 calls for $2.30.

and APRIL 62.5 calls
Amgen, Inc.
Amgen, Inc.

06/07/08 EPS is on fire. I can’t stress enough, how much the EPS trend plays into what a stock price will do next.
Trading Signal on Amgn, is a great one.
I call it CUP +1 And 5 day rule.

CUP +1 (Explanation) Last fri. AMGN fell $2

(Notice Dec. was at $68),

(Notice Feb 15 AMGN at $68)

I call that a CUP. (The cup is upside down, but over 2 month’s , it’s there

(Double Bottom.)

Then on FEB 16 Amgn fell $2. FEB 16th price ($66) is the CUP +1

5 day rule (Explanation)

Amgn has tested it’s real low on the fifth day.

Day 1 = $2 drop

Day 5 = today. Today (FEB 24) “IS” AMGN low price for the rest of Feb.

Neat trick when this works. Don’t worry. It works.

Amgn price channel $76 down to $66 = $10.

That’s an important historical number.

In statistical Analysis,

We give Amgn a 95% chance to go higher from this current price channel.

Z-STOCK