OK I'm a shareholder and had good timing this morning. Good upside move on good volume so I'm happy Day 1; but there were a whole lot of Puts traded also so I hope I am happy after Day 2's earning's release.
For those interested in adventure, take a look at PEIX, ethanol play. It inches up a little everyday. Also Bunge (BG) made a nice move today. Guess they deal in soybeans and corn so people see the ethanol play there, also. Suzanne
I had sold MAY $65 PUTS on UTHR some time ago. Yesterday I got cold feet pre-earnings and closed them out at a small profit - didn't want to be left holding the bag this AM.
I have some stock left in me retirement accont - covered with calls so that premium is helping to cover the downside. I had received $8.60 for a Jan $70 call.
I had a great time "playing" this stock for awhile - but last 2 quarters have been really lousy for serious investors of the stock. I would maybe buy in at these levels after the dust settles, but my intuition tells me that - at the rate stock options are being exercised - the only ones making money on this are the company officials and their lawyer.
I also feel we have been burnt by the analysts covering this company. They sure have been off the mark on this one!!!
I am now out of UT having lost a few 000's on 72.50 calls before the year end results when I fully expected good news. As you know I have always been concerned at both the options granted and even more so at the regularity of them being excercised. [I suppose this point is lost on the Officers of the Company! They have already "cleaned up"!]
I will continue to follow this board for the quality of posters that appear here - so much better than for the other stocks I invest in, or watch.
(By the way, still patiently waiting for NKTR to happen. Cramer single-handedly ruined the good news just when they were granted approval for Exubera by saying the company and the product were rubbish. Now all of a sudden he is recommending Buy and the activity has been ramped up. Amazing (and frightening) the influence one "mad" man can have!)