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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: jmac who wrote (6329)	2/25/1998 10:21:00 PM
From: Art C.	Read Replies (1) of 42787

Jmac---I made a pretty good profit on MRK Mar 125 calls in about 3 days. I believe that that pull back isn't just on profit taking. There was some speculation that they were going to announce a split either on Monday or Tuesday, and it didn't happen. The speculation now is that they will announce a split at a stockholders' meeting in April. Also that fiasco with Glaxo didn't help the drug sector. Watch for a bottom on this though. Once the dust settles, it will go back up, because it is considered to be undervalued in repect to the rest of the sector, and a split at some time in the near future is almost a certainty. Art

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