American Pharmaceutical(APPX) Message Board

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Biotech / Medical : American Pharmaceutical(APPX)

APPX 36.58

+5.6%

Oct 31 9:30 AM EST

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To: tuck who wrote (10)	1/10/2005 7:34:30 PM
From: Petz	of 22

My wife is a nurse & she told me to buy this stock, mostly because of Abraxane. I investigated the call options when the stock was about 38 a few weeks ago. I couldn't believe how expensive the January 40 calls were compared to the April 35s. I mean you could get the April 35s for less than $4 more than the January 40s. I figured this was a no brainer so I bought some April 35s and sold an equal number of January 40s. Well, buying either of those options outright would have been a better return than buying the spread like I did, but I'm very happy with my 40% profit, because there was hardly any risk in it. Ideally, I'd like to see APPX decline a bit over the next week and a half, so I can keep MORE of those nice APril calls. Haven't decided yet whether to keep some of the April 35 calls after I buy back the January 40s. Petz

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