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Biotech / Medical : Arterial Vascular Engineering AVEI

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To: Intel Trader who wrote (151)4/22/1998 12:10:00 PM
From: Ed Richmond   of 410
 
From a technical standpoint, AVEI broke its 100 day simple moving average today with a gap lower on the open. The 100 day is at $34.83 and just for the information, the 200 day is at $28.67. I like the stock and think the volatility will just increase from here which is why I bought the July 30 calls today. I had bought the July 30 puts after it failed on earnings day. Come on volatility.

-Ed
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