Opko Health Inc (OPK)

[terry hallinan]

MW Harry Boxer's four health-care stocks to watch

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OPKO Health Inc.(OPK) gained 27 cents to $5.79 on 9.3 million shares traded Tuesday. There was no news from the health-care company, which engages in the diagnostics and pharmaceuticals business. The stock, which has been rallying since releasing better-than-expected earnings in early May, has broken out of a multi-year downtrend, and looks poised for more upside. Next targets are $6.50, followed by $7.50.

In my dubious opinion, the only really meaningful comment from Harry Who? is that 3 of the 4 spikers are doing it on no news.

The best runs in my experience start like a forest fire with a dry lightning strike from a cloudless sky.

How can that be?

- My theory is simple enough. Daddy Warbucks, like Frost, get breathless tips from consorts to the wealthy that may be like Frost's and Opko's own ELOX investment. There is still only the sketchiest news on ELOX's grand plans to cure - cure not treat - genetic diseases with a period [codon] too early in the transcription [cellular manufacture recipes] of proteins. This results in rare but catastrophic diseases like muscular dystrophy that created spectacular market moves for Sarepta with a dubious treatment for one of some 72 varieties. ELOX's most advanced development is for cystic fibrosis but still very early.

Should you buy either?

- Only if you think I know something though I deny it. Most of my money is in a company developing pieces of light for computation instead of electrons though every damn fool knows light is a wave.

Might as well enjoy the pain while you can. There are no second chances.

Best, Terry