Replies to post #444 on S2 Option Trader

[plashadpobedy]

REGN SHORT SQUEEZE?? No

What? REGN has always been in a short squeeze. Went to a new high of $29.27/sh yesterday. There are no bids on the FEB10 $22.5 PUTS. They are a 100% loss. A biotech will only move on news. This one obviously has a tightly-held float.

Per the MAR10 PUTS, anyone who has them best take the $ .10 bid and call it a day. My service (Structural Logic, John Bougearel)indicates we will probably go up to SPX 1093-95 the week of Feb 15.

I took what profits I could in Friday's trough to lock in gains on BMY, MMM, JNJ & UTX. I am holding MAR10 puts on AXP & STI.

MMM may eventually be heading down below it's 100ema, but for now, it's being squeezed up to buoy the DOW. It got a spurious upgrade by Berstein on Thursday to "outperform" to help jack it on the 11am throttle per the fantastic employment numbers. It was sunk up to -$2.17/sh Friday morning. Oow, nice sucker rec.

What a great market!

[sungolfer]

S2,Question,if the qqqq's are going to 50,why not buy option on them short term.Witch one as i know noting about options.In it's favour 10ema crossed over 10sma,stock price above 5ema and macd about to cross over.On the negative, volume could be better,plus price below 20sma.