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Strategies & Market Trends : Synthetic Derivatives

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To: CapitalistHogg™ who wrote (71)5/28/2004 4:30:15 PM
From: CapitalistHogg™Read Replies (1) of 464
 
IDEV looks like a non-event. I sold it and got out. Look at the volume on reaction to the FDA approval--huge. After the stock was halted at 10:43AM CST the bid ask spread went too negative 8.00 dollars, with an asking price over twelve dollars, huge again. Normally this is great. At 11:56AM CST the stock price opened on my T&S sheet at $12.25 and within a few ticks dropped down to $7.50.

IDEV closed at 8.37. Looks like this one was straddled in between 10.00 and 7.50. Volume is daily high for over two years. IDEV finished #17 most active volume for all stocks listed.

My short term qualitative and quantitative event is over what it does from here is unknown given my current model. IV/HV vs time ratio can be checked tomorrow morning for complete confirmation.
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