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MRK- up 5% off earnings and LFC blasted off


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#1 J.Bilkins

J.Bilkins

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Posted 12 April 2007 - 05:42 PM

MRK Sold yesterday for port protection but hoping to catch a pivot tomorrow. I'll probably just wait till next week on a backtest for a 1/2 position. Adding second half once it clears 50 and retraces back to that level again if it happens... LFC-sold half position and missed some of the moonshot but then again, that is why I sell half positions in the first place. I'd assume it had sme pretty tough resistance at 50 for options expiration so hoping for a nice pullback. Haven't checked out the options volumes yet.