Sunbarsand, here is a link to a rather interesting article published by "Industry Week." There's lots on this board who would love to talk technicals with you but the fundamentals are fascinating enough.
First of all, good luck on your retirement. As a wise man back at IDEC told me before I left, "Retirement! What the s*it is this? You will get bored!" That has not been the case thus far, however, as I have been keeping myself very busy and you should too. While you did not ask for my advice, here goes: Take some time and do something that you always wanted to do. You never know if or when you might get the chance.
When you get settled, send me an e-mail with your new address. I want to keep in contact with you.
Finally, remember to eat that chicken soup. Is there a Vietnamese equivalent? (no dog jokes here)
Nice recovery to pre-9/11 levels, congrats longs. Seeing it go up makes ya want to take some profits, huh? Me too; Fear and greed. A look at: http://finance.yahoo.com/q?s=IDPH&d=c&k=c3&p=m100,m20&t=2y&l=off&z=m&q=b shows strong support at 50 and resistance at 75, with the stock trading about between on about average volume. Buying the W's and Selling the M's has worked well in the past. IDPH appears to be setting up for another run, watch for the breakout this winter and a 2:1 split in the springtime. A little connect the dots and extrapolation provides a decision chart for trading IDPH shares from now through year end and on into next year:
below 50: Strong Buy; Add aggressively to position, open new long position, buy calls, excercise in-the-money options, or cover short, as case may be. If the market drags it this low and IDEC's news stays good, load up the truck. Those who bought in April or Sept. are already looking good.
50-58: Buy; accumulate shares; buy leaps.
58-77: Hold; buy calls at bottom of range, consider selling out-of-money calls toward top of range. Resist the urge to sell until it nears a new high and/or a new tax year starts.
77-85: Sell; take some LT profits, sell out-of-money calls, buy out-of-money puts to hedge part of position. Consider holding at least some if not majority of shares for longer term growth, and retain cash proceeds to repurchase if it corrects (or buy a new car, ha ha ;-)
85-95: Strong Sell; Unload lots of shares, taxes be damned. Too high too fast if it gets this high before year end, will likely get chance to get back in lower (or buy a new house or yacht, oh my!)
above 95: Short it. Everyone else will be.
Above assumes rational long term investor and both fundamentals of the company and overall market continuing on their current trends. News could cause my personal ranges to move, as will the passing of time:
For Jan 1- April 15, it's strong buy below 55 buy up to 60 hold through 80 sell at 90 strong sell above 100
Further out the numbers keep moving up: ascending channels show potential range of 60-110 for July, just like the temeratures in Vegas. It's all JMHO anyway, but sure won't mind if it turns out that way. Remember the conferences in early December. Good luck all.
BTW, IBD numbers for IDPH are up to 96 99 82 A- A B- Biotech sector looking stronger Fed Rate Cut Tomorrow