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tigertrader

01/22/09 5:51 PM

#1790 RE: LongCYRX #1788

>>There is indeed some indirect correlation between the broader market and CYRX and will CYRX's ability to grow but it's not quite the same as GE, MSFT and Big banks. Today is a good example of that.<<
You just don't get it. General Electric and Microsoft are the 3rd and 5th largest companies in the U.S by market cap, and Citigroup and Bank of America, are the two largest banks in the U.S., and are #8 and #9 in the Fortune 500, and have all taken out their November lows and are heading lower.Their performance is telling you where the economy and the markets are headed.