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Biotech / Medical : sgp(schering plough)
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To: Yaacov who wrote (53)10/5/1998 8:39:00 AM
From: alruss  Read Replies (2) of 117
 
This stock has done well, steadier than many other drugs, but people are worried about the high p/e. The dips have been small and SGP recovers fastest and bumps into its old high.

I have long term position, since 33. I also trade on the calls, 7 times this year, 80K gain on ave. 10k investment, doubling on each 8-10% move in the stock. I sold my Nov105c on Weds at 8, and bought more at 2.50 on Fri, now 3.50. Will switch to the Jan's soon to cover the split on 12/2 and to try to shove some gains to '99.

Best of luck to you and other SGPers
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