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Biotech / Medical : CEPH
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To: virgil vancleave who wrote (486)11/6/1997 3:54:00 PM
From: Brian Pastor  Read Replies (1) of 998
 
What is the put volume. It could be an insider play, or simply someone covering themselves on a short sale. It is impossible to read the direction of a stock simply by looking at option activity. I've tried that several times "following the leader" with Borland and got burned big time with hundreds of options expiring worthless. My play on CEPH would be to jump in AFTER news on Myotrophin is released one way or the other. Its simply too speculative at this point in my view.
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