Re: Alright - I hit one. DNDN

it could also be due to short hedges, however only fools short the
"pennies". otoh, if the Call volume greatly exceeds the Puts that
means that there isn't much of a fear factor. The stock was so cheap
that options were not worth the added risk. iow spend for the stock
and not for the options when dealing with the "pennies".

I did read one of Najarian's books but it was not a 'how to' book.

a



On 30 Mar 2007 13:36:35 -0700, "Lawyerkill" <Lawyerkill@xxxxxxx>
wrote:

Jon "Dr. J" Najarian has a buy on this about 3-4 weeks ago because of
very high and ususal volume on the April calls(At the ask). McMillan
did a chapter in his book, "McMillan on Options" on this type of
action and it's normally a sign of good things to come.

In think the April5 calls were very, very cheap about 3-4 weeks ago,
but like an idiot I forgot about it. I remembered it when when you
posted about DNDN, but the calls were like $1.30 at that time and I
didn't think is was worth the risk for me.

It doesn't matter if this stock is a POS or the FDA rejects the drug
later as long as you sell and make a profit, that's the only thing
that counts in this game.

Good trade Jerry!
.

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