Categorized | Trading

Tags |

Coverred SVA @ $2.42

Posted on 01 May 2009 by BobL

Very small gain on Sinovac Biotech, but a gain nonetheless. Netted about 5% profit in less than a day. This is the third trade on SVA in the last few days with 2 of 3 turning a small profit. This is a dangerous name to tread in since it is moving on the swine flu scare and could swing wildly one way or another. To top it off, I have seen a couple of press releases from the company regarding swine flu. The first release boosted the shares by about 10% (during my short). A follow up didn’t have an impact. I would expect this to continue to fade, but it might not be worth the potential risk.

Leave a Reply

539 people follow bobandscott
YoungJosWagnerRoCondoChiuknowdamWebbSimoIJonasTTCameronBLucrativ
Advertise Here
AAPL aib aig amazon apple bac banks bzh c call options celg celgene chrysler citi citigroup commercial corning covered calls czz down earnings ebay energy finance podcast fnfg foreclosure glw gm goldman goog google housing iphone MSFT mtb oil options real estate sachs sec short Short Selling skype stock sva
Advertise Here

Bob and Scott on Twitter