Earnings Events: Short-term FA and TA plays surrounding Earn Message Board

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Strategies & Market Trends : Earnings Events: Short-term FA and TA plays surrounding Earn

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From: Mylar	10/18/2007 1:09:36 AM
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Purchased 7 GYMB Nov $35 Calls on Nov 17th, 2007. Cost basis including commissions is $2.01 / contract. This play is technical and fundamental. Stock recently hit new 52 week low. I am looking for a bounce off this level. The company has an investors conference on Oct 18th. This may help boost share price. GYMB is consistently beating street expectations. I like the fact that the stock has a low float controlled almost entirely by institutions. Stock can see a 10%+ gain a day on good news. My price target for these options is $5.00. If this trade is successful I will consider buying the Dec Calls since GYMB announces earnings on Nov 22, 2007.

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