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Biotech / Medical : T/FIF, a New Plateau -- Ignore unavailable to you. Want to Upgrade?


To: scaram(o)uche who wrote (1032)3/24/2002 2:01:25 PM
From: Extra Pale  Read Replies (1) | Respond to of 2243
 
Rick,

I took a look at the LEAPS with the intent of playing devil's advocate. Sorry, I will be buying on Monday -g-. Risk that I see is that ELN significantly misses its forecasted earnings, is taken out back and shot. Under this scenario, a smart pharma acquires ELN in 2003 for something under $20/share. Not sure what probability to assign to this scenario. Basically the risk/reward of LEAPS looks good, IMHO.



To: scaram(o)uche who wrote (1032)3/24/2002 4:11:03 PM
From: scaram(o)uche  Read Replies (1) | Respond to of 2243
 
trading this week.......

I often miss daytrades for the portfolio, as I don't have time to post (it takes about five minutes to look at the portfolios to determine how many shares of a given issue should be sold/purchased, look up the current bid/ask, compose the post, etc.) while I'm actually trying to execute real-world trades. It costs me $$$$$$ to try to share the wealth with "2000" or "2001".

Both portfolios are maxed out..... little or no cash. But, I'd like to buy a company in the event of good news, if the any news is released such that we'd have an edge.

So...... I may pop in and say "execute XXXX" where XXXX is the ticker for a given company. It would be a buy at the then current ask. I'd need some help retrieving the relevant "ask", as my current quote service doesn't allow me to access anything beyond the most recent trades, bids and asks.

So..... Tom and others..... if I did that, if I popped in with a buy........ could you subsequently retrieve the relevant "ask", given the post's time stamp?

"execute XXXX" would mean that I was buying 40,000 shares of company XXXX for "2000" and 15,000 shares for "2001". I would either exit the trades by the end of the trading day, or make room (the portfolios do not allow margin) by selling other stuff.