Seeking Alpha
  • FortSumter
    Playing the bitotech lottery with a play on IDIX. Buy out by MRK maybe? Big month ahead.
    2/13/12
    Reply (13)
    • John Rayhall: I own the July $20 calls which have been crushed so far we'll see.
      2/16/12
    • FortSumter: The buy-ins from the HF has been constant and steady. I bought in @$11. As you said, we'll see. It's hard to watch thruout the day though.
      2/16/12
    • FortSumter: I just bought VVUS @$11 and it jumped 5% within 5 minutes. I cant trade that fast.
      2/16/12
    • John Rayhall: Sure you can :) I figure either IDIX gets bought out big or I'll just lose teh value of the options.
      2/16/12
    • FortSumter: What's your play going into earnings ah? I'm up 12% in 2 weeks. Goes down ah and buy back in? Biotechs dont trade the same on earnings.
      2/23/12
    • John Rayhall: I'm only in those July calls right now so I'm standing pat. If I owned the shares and was up 12% I would prob sell 25-50% of my position
      2/23/12
    • John Rayhall: to look in some profits. This is more of how the data is in their trails story than earnings. May sell off a bit on earnings.
      2/23/12
    • John Rayhall: Lock not look
      2/23/12
    • FortSumter: Thanks for your input. With the way the HFs move these biotechs, I think I'll take profit and move back in tomorrow.
      2/23/12
    • FortSumter: After my win with VVUS, I'm feeling a little greedy. All biotechs go up, right? HA
      2/23/12
    • John Rayhall: Haha I wish I am about to bash my head into a wall about VVUS was so close to buying 1K shares that would have been sweet!
      2/23/12
    • John Rayhall: IDIX has a huge buyout premium in already was 7 before the INHX buyout. Any bad news and it'll get crushed.
      2/23/12
    • John Rayhall: Nice trading :)
      2/23/12