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Biotech / Medical : IDPH--Positive preliminary results for pivotal trial of ID
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To: Vestor who wrote (1083)7/2/1997 12:28:00 AM
From: guido leone   of 1762
 
I don't think we will see $21 before the announcement and if we were
to see it afterward I certainly wouldn't buy it. I couldn't wait any longer
and bought some the other day at $23.25 then I bought some Aug
22.5 puts against it for $2. I really like this position. If the trial is
positive I would think the stock would be $30 or higher and if it's
negative I can get out at $20.5. The only way I can lose is if the
stock doesn't move but I doubt this will be the case.
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