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Vertex Pharmaceuticals Incorporated Message Board

Bill702 111 posts  |  Last Activity: Dec 22, 1998 11:48 AM Member since: Dec 9, 1997
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  • Reply to

    CNBC

    by Cowboy21305 Dec 22, 1998 8:35 AM
    Bill702 Bill702 Dec 22, 1998 11:48 AM Flag

    I heard they had a derailment in Neb. last night. Shut down all 3 tracks. They hope to get one back open sometime today.

  • Reply to

    Where the hell is the volume.... Why has

    by canaveral_1 Nov 20, 1998 1:11 PM
    Bill702 Bill702 Nov 22, 1998 1:01 PM Flag

    The options board are the ones who want options
    to expire worthless. If you watch options a lot look
    at the O.I. the strike prices with the largest
    volume are the prices the stock moves towards near the
    end of the option period. The options board has the
    ability to buy and sell large quanitys of stock to make
    the stock move towards the strike price they have
    written the most contracts at then if they get close
    these contracts expire worthless or at little value. MM
    know this and rarely fight the trend. Watch the stock
    price of these stocks that have been manipulated to
    follow the longer trend in the next week.

    One I
    am watching is AUD, I think this one they wanted to
    expire near $80.00. In the past week it was sold with
    small lots 100 to 200 shares every time it started
    moving up. If I am right these positions will be covered
    next week starting on Tuesday. I look for a $2-$3 gain
    in that stock next week.

    I know several
    people who believe stocks are manipulated during options
    week. Some of them are getting quite good at
    recognizing the paticular stocks and strike prices and the
    make good money playing the trend.

  • Reply to

    180

    by TJSRBUZZ Sep 16, 1998 11:52 AM
    Bill702 Bill702 Sep 17, 1998 3:13 PM Flag

    Clst only down .25 with the market down -185 and
    the telecom industry getting slapped hard. Look at
    Alcatell and MOT, NOKIA and others. This stock is showing
    suprising strength! We have recovered half the downside of
    this morning and then some! With any kind of a rally
    this last hour we could finish up.

    I am
    plesently impressed with this strength.

  • Reply to

    Utopia, Bill

    by CompConsultant Sep 14, 1998 6:24 PM
    Bill702 Bill702 Sep 15, 1998 7:42 AM Flag

    Just because the American people would not accept
    the truth is that a valid excuse to lie? I have read
    the report and I think a better word would be
    tolerate the truth. He knew he would be in big trouble if
    he told the truth. Now look at the mess he is in, he
    is certainly facing a impeachment hearing.


    And the final report on Travelgate, FBI Filegate,
    Whitewater and such has yet to be released.

    China
    was up a little last night when I went to bed about
    85 pts or so. I haven't seen where they closed.

  • Reply to

    YOU should think about it!

    by speculator40 Sep 14, 1998 12:07 PM
    Bill702 Bill702 Sep 14, 1998 1:48 PM Flag

    One thing to remember about earnings. 7 out of 10
    stocks drop in price following earnings announcments.
    This according to a study done by the Options
    Newsletter. I think for CLST to get a big bump from the
    announcement is to beat the street by 3-4 cents at a minimum.

  • Reply to

    YOU should think about it!

    by speculator40 Sep 14, 1998 12:07 PM
    Bill702 Bill702 Sep 14, 1998 12:31 PM Flag

    I agree with most of your message. The one
    difference is this is not private. This occured in the
    Office of the President. He is a PUBLIC SERVANT and this
    is his OFFICE. He might be able to say this was
    private business if he did it in the residence but not in
    the Office of the President.

    And you Clinton
    defenders, Ken Starr has not finished his report yet on
    Whitewater, Filegate, Travelgate and anything else the
    Justice Dept. and a three judge panel asked him and OK'ed
    him to look into.

    One question for the Clinton
    defenders? Why do you dispise Starr for sending this report
    and its details to Congress, but love the guy who
    actually did the deeds?

    When you defend this guy
    you defend purjury, obstruction of justice, and obuse
    of office. He has lied to the American people for 8
    months on this issue. And 7 years on most other issues!

    Do you want your kids to grow up to be just like
    him? Do you trust him?

    Would you allow a
    employee of your to get away with this behavior?

  • Reply to

    356

    by TJSRBUZZ Sep 3, 1998 2:34 PM
    Bill702 Bill702 Sep 4, 1998 2:24 PM Flag

    You are obviously not a options trader. And as a
    broker I would expect that you be a little more
    competent.

    First you said you heard that 400-500 contracts of puts
    were bought. This is not control of 400K shares but
    40,000 shares.
    400 X 100/contract =
    40,000

    Second there is no $22.00 strike price. It would have to
    be a $22.50 strike price.

    Third buying puts
    is a contrairian sign. Some consider this a bullish
    sign. (I don't subscribe to much in
    this).

    Fourth, spt is hardly what I would call a abv. for
    September.

    Since you obviously know little about options, (and you
    say you are a broker) you should refrain from
    mentioning them as they are risky and others who listen to
    you and think you know what you are talking about may
    get hurt.

  • Reply to

    Looks like support for CLST!

    by grizdude Sep 4, 1998 11:01 AM
    Bill702 Bill702 Sep 4, 1998 11:42 AM Flag

    Tony, you said you were concerned because there
    were 400 contracts of puts bought on CLST.

    As a
    broker, you should know that 400 contracts OI is hardly
    anything to be concerned about.

    Second could it be
    a hedge fund protecting the stock he just
    bought?

    Third how do you know the puts were bought? Maybe
    someone sold the puts expecting this stock to rise. It
    has broken its trend and is headed
    north.

    Selling puts is BULLISH!!!

    Unless you were
    directly involved in the transaction you wouldn't know.


    From where the strike price is (you didn't mention the
    month) it could be someone is expecting a nice healthy
    rise from the stock. All the way to $12.50 or $15.00?
    I doubt it but it doesn't have to for the seller to
    make money.

    Care to comment?

  • Reply to

    Even thoug volume heavy today (then rece

    by canaveral_1 Sep 1, 1998 3:41 PM
    Bill702 Bill702 Sep 2, 1998 11:08 AM Flag

    Are you kidding? You think we need higher taxes?
    If you want to pay more in taxes do it, open your
    check book and send in all you want, there is nothing
    stopping you. But don't tell me I need to pay more in
    taxes.

  • Reply to

    What he said

    by jk1783 Aug 27, 1998 2:57 PM
    Bill702 Bill702 Aug 27, 1998 3:17 PM Flag

    I agree that this stock is a safe haven from
    Russia, Asia. No frills get "em" to their destination.
    Little chance the oil going to rebound in near future
    with Russia likely to start pumping out more oil. And
    people here wanting to travel as cheap as possible. I'll
    keep my $ with LUV...

  • Reply to

    p/e 8.8 2

    by homerun207061988 Aug 26, 1998 5:28 PM
    Bill702 Bill702 Aug 26, 1998 6:50 PM Flag

    The good news is we won't have 17 more days like this in a row!!!
    The bad news is we don't need them to hit $0.

    Lighten up everyone!!!

  • Reply to

    Icon: Warrants?

    by BullishSoFar Aug 25, 1998 11:40 AM
    Bill702 Bill702 Aug 26, 1998 1:03 PM Flag

    One of the things I was taught when watching a
    stock in a trend (upward or downward) was watch for the
    gaps that come between the close of the day and the
    open of the next. Usually you get a maximum of four in
    a long trend. I think we may have gotton the fourth
    this AM. This is called a "exhaustion gap" the gap
    where the final frenzy of buying or selling takes place
    before a reversal. Hopefully this is what we have
    here.

    Also the tight spread tells that the MM are having a
    tough time finding buyers and sellers. A $.03 spread is
    a very tight spread. If we could close at or near
    the open today and gap up tomorrow and close up
    tomorrow, the shorts would take notice and start to cover.
    JMO.

  • Reply to

    well today is 8/20/98

    by nm200013 Aug 20, 1998 10:05 AM
    Bill702 Bill702 Aug 20, 1998 4:14 PM Flag

    I hear Clinton's going to tell the truth...........tomorrow...tomorrow.....tomorrow.

  • Bill702 by Bill702 Aug 18, 1998 6:25 PM Flag

    Its a start.

  • Reply to

    I am not currently shorting CLST

    by StockLongUp Aug 10, 1998 2:49 PM
    Bill702 Bill702 Aug 10, 1998 3:13 PM Flag

    I also see only mild institutional selling,
    nothing like I expected to see after the news last
    Monday. Also Thursday money flowed into this stock.
    Friday was flat. That is not suprising for a summer
    Friday, especially with Asia. No one wants to open big
    positions over the weekend.

  • Reply to

    options

    by smb135 Aug 6, 1998 8:49 PM
    Bill702 Bill702 Aug 6, 1998 11:04 PM Flag

    Whoever buys short term out of the money call
    options, is buying the "kiss of death". Time just
    evaporates and you are left with nothing, even if the stock
    moves up, by the time you clear the spread, time
    usually has run out. Thats why I like selling Covered
    Calls, you are selling the "kiss of death". Time works
    for you.

  • Reply to

    After Hours

    by jwp_64 Aug 5, 1998 5:41 PM
    Bill702 Bill702 Aug 5, 1998 5:45 PM Flag

    How about a level two report on this stock for the last half hour of trading. Was that a buy of 50,000 shares at 3:45 EST?

  • Reply to

    The UNP 1930 through 1946

    by m_ellingson Aug 3, 1998 4:47 PM
    Bill702 Bill702 Aug 3, 1998 6:11 PM Flag

    The lastest I hear is that the triple track near
    Cozad is nearing completion, can anyone confirm this?
    Hopefully we will not use this section of new track as a
    parking lot. That seems to be the case near Kearney.

  • Bill702 by Bill702 Aug 3, 1998 3:56 PM Flag

    In a day or two these "shorts wanna be's" will be
    off to some other unfortunate board. I think all in
    all only down $2.00 isn't to bad. I agree that CLST
    will try to come out with something positive in the
    next few days. The whole market is sloppy these days
    and this company must have some strong belief behind
    it or we would have been cut in half today.

  • Reply to

    Just mentioned on CNBC for investigation

    by DMCMQE Aug 3, 1998 8:51 AM
    Bill702 Bill702 Aug 3, 1998 10:56 AM Flag

    We have all seen stocks cut in half by SEC
    investigations. Many stocks get destroyed when news like this
    comes out. Small comfort but I thought we might see 7-8
    on news like this and the way the market punishes
    bad news these days. For this stock to be where it is
    only down 2+ is a positive. I hope we get all the news
    and the scope of the investigation out this week so
    we don't get a double shot like Cendant did
    recently.

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