Thursday, July 10, 2008

More Biotech


Continuing along the theme of biotech, I picked up DNA July 70 and 80 call options with the stock trading around $78.00. Again, rising MACD, RSI and OBV as well as strength in a weak market. A better entry would have been on the dip back down to $75.50 but earnings are on 7/14 so I want to play any run-up. I don't like to gamble on earnings so I will exit the July 70's prior to earnings and possibly leave some 80's if I've got some profits from the July 70's. Current stop is at $77.00.

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