You can expect that the highest-multiple pharma plays -- Celgene (CELG), Abbott (ABT) and Gilead (GILD) -- can go higher.

BUY

Porges is also placing bets on Tamiflu's affect on Gilead (GILD). "People will be stock piling the drug, which will be a boost for Gilead's earnings," he said.

Sales growth, good pipeline and excellent management

Schoenebaum said his best biotech trade is Gilead Sciences(GILD Quote) which he says is a "phenomenally" managed company.

H1N1 is not going away

I like long Gilead (GILD) for Tamaflu, says Guy Adami.

Still others are just going up quietly over time, including Gilead (GILD) and Cisco (CSCO) and 3M (MMM).

Take Qualcomm (QCOM): Is there a soul out there that doesn't know how Qualcomm sandbags to keep the bar low? But here we are, having run up ahead, getting taken to the woodshed by allegedly bad guidance. Galling. Glad I sold some for Action Alerts PLUS beforehand, but a move like this makes you wish, as I did the day before with Gilead (GILD), that you sold the whole thing. But that would be foolish as you are only taking revenge on the run-up. The stories are in tact.

Good line and health care bill is not going to be as bad as advertised

not moving

Gilead. One of my few losers. Bought because it had good things going but it turns out, it's never gone up more than a few pennies. Not a good one for me; may be a long term stock but not for me.