Biotech Break Out?
size=”2″ face=”Arial, Helvetica”>For those of you planning
to attend the TradingMarkets2000 First Annual Traders
Conference at the Venetian Resort, Hotel & Casino in Las
Vegas on October 13-15, I’ll be speaking on Saturday
afternoon following Jay Leno. I’ll also be at the cocktail
party Friday night. Sign up soon, as space is limited.
face=”Arial, Helvetica”>Vertex Pharmaceuticals
(
VRTX |
Quote |
Chart |
News |
PowerRating),
on the
From Highs List, may present an opportunity for covered
calls. You can buy the stock for 79 1/2, and you can sell
the October 85 calls for 8 1/4. This represents
approximately an 18% return (more than 120% annualized,
based on 52 days until expiration) should the stock be
called away.
width=”470″ height=”320″>
Biotechs
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) have formed a big-picture cup-with-handle
—