Doctor Jack's Stock Medicine

Mrvl

Added 15 blocks at 18.00

Dia

Shorted 3 blocks of DIA at 126.25

Covered at 125.55

New

Bought 5 blocks of NEW at 16.90, and wrote 500 Feb 17.50 at .75/contract.

Ntri

Added 12 blocks at 42.22, and wrote 1200 Feb 40 calls at 3.40/contract.

Aci

Bought 7 blocks at 29.67

Ntri

bought 17,000 shares at 43.05, and wrote 1700 Feb 40 calls at 4.00/contract. Let them take my shares away by Friday, and I'll pocket the premium.

Mrvl

Bought 15 blocks at 18.21, unhedged.

Sold 15 blocks at 18.84

Dia

Shorted 3 blocks of DIA at 126.25

Mrvl

Bought 15 blocks at 18.21, unhedged.

Slb

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

Sold the shares at 63.63, and covered the calls at 2.15/contract.

[skiracer]

Jack, IMCL up nicely this morning on good volume.

As of the time of this post, it's up >11% from yesterday's open.

I wouldn't get drawn into the momentum thing right here. That earnings report was not that good and it'm market share in a few of it drugs are eroding with newer versions of their products coming onto the market. Several brokerages have downgraded the stock, not to sell, but under perform/hold levels. I thing alot of these last two days are strictly a momentum thing and the minute the profit-taking starts the stock will fall to under 29/28 again. I don't see the strength over the next qtr. to drive it up.

[Rob]

Jack, IMCL up nicely this morning on good volume.

As of the time of this post, it's up >11% from yesterday's open.

Imcl

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.

Ron, always be in stocks that have fallen out-of-favor.

Tso

Shorted 3 blocks at 81.63

Covered at 80.88

Tso

Shorted 3 blocks at 81.63