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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?

To: Tim O. who wrote (2276)	4/2/2003 4:15:38 PM
From: KFE	Respond to of 2317

Tim, I've been out of CEGE for a while, but I've continued to watch it as it continues drifting down. Does it look interesting to you now? Option strategies proved very profitable but unfortunately I also had some in my long term account and was stopped out. I have been watching it closely and waiting for options volume to tell me when and which side to get back in on. Most times with biotechs there is insider trading using options before an announcement on drug candidates. Have not seen any indication yet from the options but they will present at ASCO starting on 5/31 so maybe there will be an indication before then. The only option strategy that looks remotely attractive right now is a straddle buy. Regards, Ken