Doctor Jack's Stock Medicine

[Rob]

Rob, I'm looking into establishing a huge position in IMCL. It's the best biotech compnay out there.

I don't know about the "best," but I sure like the sound of those words anyway. The thing about this company is that the street absolutely hates it. Any good news for the company is immediately watered down in press reports, and any slight glimmer of anything remotely positive in a small way from one of its competitors is unfailingly heralded as the beginning of the end for ImClone. It has been going on just like this ever since July of 2004.

OTOH, if the rumored merger deal between BMY and SNY is true, this is liable to draw a lot of investor attention to IMCL. Whether this would be viewed as a net positive for the company remains to be seen, but I think it would.

Imcl

Looks like a wise move, Jack. I haven't looked at any fundamentals on this one, but technically it looks to me like it could move up significantly from here.

Rob, I'm looking into establishing a huge position in IMCL. It's the best biotech compnay out there.

Slb

Bought 5 blocks at 61.63

Sold at 62.22

[Rob]

Covered [TSO] 77.88

Looks like a wise move, Jack. I haven't looked at any fundamentals on this one, but technically it looks to me like it could move up significantly from here.

Tso

Shorted 2 blocks of TSO at 78.58

Covered 77.88

Slb

Bought 2 blocks at 62.61 and wrote 200 Feb 62.50 calls at 1.65/contract

Tso

Shorted 2 blocks of TSO at 78.58

Covered Jan calls at .05/contract and wrote 1500 Feb calls at .50/contract

you could have bot those back for a penny, not a nickel. That would have saved you $12,000. I sometimes wonder if you're making all this up?

Qid

Bought 5 blocks at 51.60

Sold 5 blocks at 52.36

Yhoo

Bought 3 blocks at 27.59, and wrote 300 Dec 27.50 calls at 85 cents/contract.

Sold the shares at 27.81

Slb

Bought 2 blocks at 59.43

Sold at 60.43

Mrvl

Bought 15 blocks at 19.78-19.80, and wrote 1500 Jan 20 calls at .85/contract

Covered Jan calls at .05/contract and wrote 1500 Feb calls at .50/contract

Mrvl

Added 15 blocks at 19.26, and wrote 1500 Jan 20 calls at .35/contract. My total MRVL postion is now at 30 blocks with 3000 Jan 20 calls.

Covered 1500 Jan calls at .05/contract, and wrote 1500 Feb 20 calls at .50/contract

Mrvl

Bought 15 blocks at 20.26, and wrote 1500 Jan 20 calls at .55/contract

Coverd Jan calls at .05/contract and wrote 1500 Feb calls at .50/contract.

Buying that gap fill $17.15 risks $1.15 to make close to $18.00....that's delicious. Failure of $16.00 support would turn it rotten, make it a broken stock as you say, and one should spit it out and look for other tasty treats.

spike...I like your style of analysis. Its very thorough but eventually filters itself down to simple conclusions, ie price levels. I think those are difficult to see at times but very important. If I were looking at a stock and you happened to come up with totally different support/resistance levels, I'd be forced to take another hard look.