Tomorrow -- a non-portfolio post coming!
Now... earlier in the day I saw this too enticing trade:
Buy 2000 Dendreon @ 5.49, sell -5 Aug08 $7.5 at $.63 and -5 Nov08 $12.5 at $1.03.
Cash = $66314.47
Postions = 2000 SUPG (-20), 2000 NBIX (-10), 400 ELN (-2), 2000 DNDN (-10) = $36,360.00.
I love Dendreon -- total short squeeze coming, way underpriced, Provenge works, and we'll know it in the second half of 2008. It hit $25 last year just on the FDA's Advisory Committee's thumbs up.
Regards,
Trond
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