>>GTx Director Sear Buys 40,000 Shares
Tuesday November 27, 1:10 pm ET
GTx Director Timothy R.G. Sear Buys 40,000 Shares of Common Stock
NEW YORK (AP) -- A director of biotechnology company GTx Inc. bought 40,000 shares of common stock, according to a Securities and Exchange Commission filing Monday.
In a Form 4 filed with the SEC, Timothy R. G. Sear reported he bought the shares for $13.94 to $14.45 apiece Wednesday, Friday, and Monday.<<
I've been trading in and out of this recently for a series of modest gains. We're not that far from the bottom of Mr. Sear's range after a great couple of days for the markets. Charts show breakdown potential below $13.70 or so, but I think any sustained breach of support in that area would have to be news driven. I don't see much news till early next year. So looking to sell December puts again, on another market pullback that takes GTXI with it. There seems to be a bit of fear about the upcoming results, but I still think there's good odds for success. Of course, I've been wrong on those kinds of calls in about 5 of my last six tries, so caveat emptor.<<
Cheers, Tuck |
