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Strategies & Market Trends : A paper trader -- Ignore unavailable to you. Want to Upgrade?


To: Mike McFarland who wrote (4)6/16/1999 1:39:00 PM
From: Mike McFarland  Read Replies (1) | Respond to of 14
 
Since this is my thread, and nobody
else is here, I'll just make up the rules
as I go along--I have never traded on margin,
but what the heck, this is phony anyway.

I see CELG is down for no reason today,
in fact, I should think it could run off
the Sugen news. Why not, I'll buy 1000 CELG
on margin at $16 1/8, let's see if it perks
up in the next few days--maybe a few articles
will show up in the media about angio inhibitors
again.

In the real world I bought another 5k of MAGN
today, for the same reason. Down for no reason,
possible anti-angiogenesis PR (some annoucement
should come soon regarding beginning phase II).