Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (12095)	12/31/1998 12:33:00 AM
From: Street Walker	Read Replies (2) \| Respond to of 29382

Max, this is how I play FDA approvals. There is always buying in advance that boosts the stock price. So if I know a stock is going go up, I want to benefit from it. To eliminate the risk, I sell most of my shares the day before the meeting, holding a few shares just for fun incase the news is positive. We lucked out this time in that the FDA gave a specific date of Jan 12. Most of the time they don't do this. So that is when I put some fun money in options, like DRMD. (fda has until March to inform drmd of approval for Cenestrin a competiting drug to PreMarin) so I have March calls. Regards, S.W.