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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?


To: Dave Gore who wrote (874)1/16/2002 10:14:42 AM
From: Dave Gore  Read Replies (1) | Respond to of 16631
 
Surprise #2: MIR trading up 5%. Options (feb12.5 calls - MIRBV) doing pretty well and now nicely above buy point yesterday. I still think MIR is going to be in a tight trading range through the end of this week at least, but hopeful next month the CEO's comforting interview on CNBC yesterday will take hold and the stock makes a mini-run.

She said that they have very little exposure to Enron's problems and they are doing well. She also came across very well.

BTW - stocks tend to trade near a particular options strike price as we near the third friday of every month (i.e. options expiration Friday). Therefore perhaps MIR will hug the 12.5 strike price unless it makes a quick run to 15 (doubtful).