MDVN

trader#21 · Mar 3, 2010

currently the scalpers heaven

SCI new york · Mar 3, 2010

fortunes lost and made on that one

anyone know of how to find a list of companies with upcoming FDA approvals?

FanOfFridays · Mar 3, 2010

Thanks!

Scataphagos · Mar 3, 2010

Bad news or a 4:1 split?

stock piker · Mar 3, 2010

Guy in my firm blew out on it. Lost >1MM.

l2tradr · Mar 3, 2010

Quote from stock piker:

Guy in my firm blew out on it. Lost >1MM.

Overnight hold I assume...don't get how someone can hold such size overnight unhedged most likely, pre-FDA announcement... :eek:

trader#21 · Mar 3, 2010

When I started my tradestation it was at 11.60. It was free cheese btw 8:00 to 9:30. Not trading it now.

NoDoji · Mar 3, 2010

Quote from stock piker:

Guy in my firm blew out on it. Lost >1MM.

Come on, who would hold that many shares long overnight pre-announcement? You use option spreads to play that game. What kind of firm ya'll working for???

stock piker · Mar 3, 2010

Quote from NoDoji:

Come on, who would hold that many shares long overnight pre-announcement? You use option spreads to play that game. What kind of firm ya'll working for???

I was wrong, anyway. He bought 50k on the BO at 29 in November. He's out $800k from cost-basis.

stock piker · Mar 3, 2010

Quote from l2tradr:

Overnight hold I assume...don't get how someone can hold such size overnight unhedged most likely, pre-FDA announcement... :eek:

He's been long for almost 4 months. Sick to let something run from 29 to 44 and not book it.